Cboe eyes perpetual futures conversion for Bitcoin and Ether contracts
Chicago Board Options Exchange (Cboe) may be considering a possible transition from Bitcoin and Ether continuous futures into perpetual type of instruments. This transition would bring a crypto-native derivatives design further into regulated U.S. markets and would result in growing competition between exchanges that target a perpetual market worth $61.7 trillion in annual trade volume. This idea was disclosed by Nate Geraci, president of ETF Store, on X on June 23 as another proof of traditional exchanges adopting market structures initially established by offshore cryptocurrency platforms. Currently, Cboe is offering Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET), both being cash-settled derivatives designed to provide long-dated exposure with daily cash settlement replicating a rolling futures mechanism. Cboes continuous futures In 2022, Cboe entered regulated, CFTC-underwritten crypto derivative markets with continuous contracts for Bitcoin (PBT) and Ether (PET) – offering a cash-settled approach to trading perpetual contracts on a day-and-night basis. While conventional futures traders are obliged to shift positions to the following delivery dates to maintain exposure to their underlying asset, PBT and PET settle daily to spot crypto indices and roll automatically. Cboe considering converting its btc & eth continuous futures into perpetual futures… Entrenched tradfi incumbents are now continually forced to react









