Cboe Global Markets introduced continuous futures for Bitcoin and Ethereum, resembling perpetual-style futures with a 10-year lifecycle and daily cash adjustment. The offering targets a market segment with limited regulatory oversight, aiming to meet the growing customer demand in a U.S.-regulated environment.

Traders have historically turned to offshore exchanges for perpetual futures, but decentralized alternatives like Hyperliquid and Aster gained traction. CME Group also launched spot quoted futures, providing exposure to Bitcoin and Ethereum that can be held for up to five years without position rollovers.

Perpetual futures allow indefinite speculation on assets, tied to underlying assets through periodic payments. The total value of outstanding Bitcoin futures contracts reached $65.8 billion, with CME leading at $13 billion, followed by Binance at $12.5 billion and Hyperliquid at $3 billion.

Cboe’s new derivatives rely on crypto analytics firm Kaiko for underlying price data, addressing a need for institutional investors. Kaiko’s managing director praised the continuous futures for streamlining operations without sacrificing transparency or oversight in regulated markets.

Read more at Yahoo Finance: Almost Perpetual? CBOE to Offer ‘Continuous’ Bitcoin, Ethereum Futures