"Cboe Global Markets, Inc. (Cboe: CBOE) announced it will begin offering Bitcoin Continuous Futures (PBT) on its Cboe Futures Exchange (CFE) starting December 15, pending regulatory approval. Ethereum Continuous Futures will also be offered. Earlier this year, CBOE had announced a November 10 start date but has since delayed the launch. These new futures are designed to give traders long-term exposure to bitcoin without some of the operational headaches of traditional futures. Each contract has a 10-year expiration and a daily cash adjustment, which means positions are automatically updated every day to reflect the underlying asset's price."
"In effect, this creates a "perpetual" exposure. Traders no longer have to manually roll contracts every few months, which has been a major friction point for investors using conventional futures. "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," said Rob Hocking, Global Head of Derivatives at Cboe. He added that the product is designed to help investors manage risk efficiently, gain leveraged exposure, and execute tactical trades in digital assets."
Cboe will offer Bitcoin Continuous Futures (PBT) and Ethereum Continuous Futures on the Cboe Futures Exchange beginning December 15, subject to regulatory approval. Each contract carries a 10-year expiration and a daily cash adjustment that automatically updates positions to reflect the underlying asset price, creating a perpetual-like exposure that removes the need to manually roll contracts. The contracts use real-time price data from Kaiko and apply a daily Funding Amount to keep futures prices aligned with spot markets. The products target U.S.-regulated, transparent, intermediary-friendly market access for hedging, leveraged exposure, and tactical trading in digital assets.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]