- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Cboe to launch regulated Bitcoin and Ether futures.
- Potential shift of trading volume to US-regulated platforms.
Cboe Global Markets is introducing regulated perpetual Bitcoin and Ether futures on its US-based Cboe Futures Exchange starting December 15, 2025.
The launch brings a significant shift to regulated US markets, potentially attracting institutional investors and influencing offshore trading volumes.
Introduction of Regulated Perpetual-Style Futures
Cboe Global Markets is set to launch the first US-listed regulated perpetual-style Bitcoin and Ether futures on December 15, 2025. This initiative aims to expand market access in a regulated environment, targeting institutional traders.
The products are designed to offer institutional investors better risk management and market access. Notably, Kaiko will provide the real-time rates supporting these contracts, enhancing institutional traders’ experience in US-regulated markets.
Impact on Trading Volume and Market Dynamics
The introduction of these futures is expected to attract institutional investors, impacting offshore platforms like Binance. By moving some trading volume to US-regulated platforms, Cboe anticipates an increase in liquidity and transparency for domestic markets.
The fiscal implications are significant as these new contracts will encourage capital and risk efficiency. With US-based clearing, cross-margining with other products becomes viable, altering the current market dynamics favorably for regulated environments.
Regulatory Approval and Market Volatility
Regulatory approval by the CFTC provides a compliant structure for these products, allowing US investors a new way to engage with crypto assets. This step potentially influences global trading practices as regulatory clarity becomes paramount.
Historically, the launch of regulated US crypto derivatives can increase market volatility. The perpetual style of these futures, which allows indefinite positions, marks a shift from monthly futures, promising long-term tactical trading advantages.
Rob Hocking, Global Head of Derivatives, Cboe, stated, “As perpetual futures have historically been traded offshore, Cboe is excited to help expand access to these products within a U.S.-regulated, transparent, and intermediary-friendly environment. The structure of Cboe’s Continuous Futures is designed to enable streamlined and efficient portfolio and risk management, while providing investors a controlled way to gain some leveraged exposure to digital assets.” – source
