CBOE Set to Launch Bitcoin, Ethereum Futures

CBOE Global Markets announced the planned launch of Bitcoin and Ethereum Futures on December 15, 2025. The launch is subject to regulatory review and aims to offer long-term exposure with new perpetual-style contracts.

These contracts will be listed on Cboe Futures Exchange and provide daily cash adjustments using the Cboe Kaiko Real-Time Rate indices. This innovation is a move to enhance market accessibility for institutional investors.

The introduction of Bitcoin and Ethereum Futures is expected to impact institutional and professional investors by providing regulated alternatives to offshore swaps. This launch holds significant implications for market dynamics and derivatives pricing.

This initiative by CBOE will potentially augment institutional participation, driven by the demand for regulatory oversight and enhanced capital efficiency. Analyst anticipations are high regarding changes in market structure prompted by these contracts.

Historically, CBOE had engaged with crypto futures, ceasing its previous Bitcoin product in 2019. The new perpetual contracts aim to deliver better regulatory compliance and operational efficiency compared to early offerings.

“Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced its new Cboe Bitcoin Continuous Futures (PBT) and Cboe Ether Continuous Futures (PET) are planned to begin trading on Cboe Futures Exchange, LLC (CFE) beginning December 15, 2025, subject to regulatory review.” – CBOE Global Markets Press Release, Corporate Entity, CBOE Global Markets, Inc. – CBOE Press Release

These futures are set to influence broader crypto derivative markets, possibly altering the focus of DeFi protocols and institutional investment strategies. The incorporation of cross-margining facilities through Cboe Clear U.S. furthers these options.