Cboe is launching a new type of crypto future that does away with expiration dates. The exchange announced continuous Bitcoin and Ether futures that, unlike traditional contracts, won’t require frequent rolling because they are structured to last for up to 10 years.
Set to begin trading Nov. 10, the contracts are cash-settled and will track real-time spot prices through a daily adjustment mechanism. This “perpetual-style” product is a direct answer to instruments that have seen “strong adoption in offshore markets,” according to Cboe.
The move represents a major comeback for Cboe, which was the first US exchange to offer Bitcoin futures in 2017 before pulling back during a crypto winter. It now seeks to capitalize on the current bullish sentiment.
