Cboe to launch continuous futures for bitcoin and ether in November

CHICAGO - Cboe Global Markets, Inc. (CBOE), a financially robust exchange operator with an "GOOD" health score according to InvestingPro analysis, announced plans to launch Cboe Continuous futures on its futures exchange beginning November 10, 2025, pending regulatory review.

The new product suite will debut with bitcoin and ether Continuous futures, designed to provide traders with a simpler way to gain long-term exposure to digital assets within a U.S.-regulated framework.

Unlike traditional futures contracts that require periodic rolling, the new Continuous futures will be structured as single, long-dated contracts with a 10-year expiration. The contracts will be cash-settled and aligned to real-time spot market prices through daily cash adjustments, using what the company describes as a transparent funding rate methodology.

"Perpetual-style futures have gained strong adoption in offshore markets. Now, Cboe is bringing that same utility to our U.S.-regulated futures exchange," said Catherine Clay, Global Head of Derivatives at Cboe, according to the press release statement.

The new futures will be cleared through Cboe Clear U.S., a CFTC-regulated derivatives clearing organization. Cboe stated this positions the company to further expand its clearing capabilities as it builds its global derivatives exchange ecosystem.

The launch represents an expansion of Cboe’s futures product suite, which already includes Cboe Volatility Index (VIX) futures and products based on equity volatility, digital assets and global fixed income.

Cboe will host educational courses on continuous futures on October 30 and November 20 through its Options Institute, with registration open to the public.

The announcement was made as part of Cboe’s ongoing product innovation roadmap, according to the company’s press release. The company’s strong financial position is reflected in its 10-year consecutive dividend increase streak and maintained payments for 16 years. For deeper insights into Cboe’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.

In other recent news, Cboe Global Markets reported its second-quarter 2025 earnings, exceeding analyst expectations with an earnings per share of $2.46 compared to the forecast of $2.44. The company’s revenue also surpassed projections, reaching $587.3 million against the anticipated $576.1 million. Oppenheimer responded to these results by raising its price target for Cboe to $265 from $253, citing record net revenue growth of 14% year-over-year, driven by strong performance across multiple segments. RBC Capital also adjusted its price target upward to $254 from $220, highlighting the DataVantage segment as a key growth driver. In addition to these financial results, Cboe announced a 14% increase in its quarterly dividend, marking the 15th consecutive year of dividend growth. The dividend will be payable on September 15, 2025, to stockholders of record as of August 29, 2025. Furthermore, the company appointed Prashant Bhatia as Executive Vice President, Head of Enterprise Strategy & Corporate Development, effective September 2, 2025. These developments reflect Cboe’s ongoing efforts to expand and enhance its market position.

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