Cboe’s Crypto Futures: Perpetual? More Like Perpetually Confusing!

Cboe Global Markets, ever the showman, is set to unveil Bitcoin and Ether “Continuous Futures” on Dec. 15-because who doesn’t want a 10-year commitment to digital assets? 🎩💸

According to the company’s Monday announcement, these contracts are designed to mimic perpetual futures, with daily cash adjustments that are obviously less tedious than rolling expiring positions. A marvel of modern finance, truly. 🕵️♂️

Futures, for those who still believe in the concept of “standardized contracts,” allow traders to buy or sell assets at a set price on a future date. A bit like betting on the weather, but with more risk and fewer umbrellas. ☔

Cboe claims this structure offers the same tools as traditional futures markets-capital efficiency, volatility hedging, and the ability to short exposure. Because nothing says “innovation” like borrowing a page from the old playbook. 📚

The contracts will be cleared through Cboe Clear US, reducing counterparty risk (or at least making it sound less perilous). Margin rules? Aligned with CFTC standards. A touch of regulation, just enough to keep the chaos contained. 🧠

Cboe Global Markets, a US exchange operator with a penchant for equities and derivatives, announced its “continuous futures” plan in September. One wonders if they’ve been waiting for the perfect moment to leap into the crypto fray. 🐉

The crypto futures market

While US regulators once blocked crypto futures like a grumpy gatekeeper, they’ve since warmed up under Trump’s administration. A shift so sudden, it’s like a snowball in a sauna. ❄️🔥

The CFTC recently asked for public feedback on perpetual derivatives, as if the market needed more bureaucracy. “How do these products function?” they asked. “And what’s the worst that could happen?” 🤷♀️

Bitnomial and Coinbase have already jumped on the bandwagon, launching XRP and nano-sized Bitcoin futures. Because nothing says “investment” like trading fractions of a coin. 🪙

The crypto futures market is enormous-open interest on perpetuals hit $767 billion, according to CoinMarketCap. A number so large, it’s practically a metaphor for the internet. 🌐

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2025-11-17 23:19