Cboe Global Markets will launch Bitcoin and Ether continuous futures on December 15, introducing perpetual-style contracts that eliminate rollover needs.
Cboe Global Markets, Inc. has announced the official launch date for its new Cboe Bitcoin Continuous Futures (PBT) and Cboe Ether Continuous Futures (PET) on Cboe Futures Exchange, LLC (CFE), with trading set to begin on Dec. 15.
The PBT and PET offerings were originally announced in an early Sept. press release. According to Cboe, both are US-regulated and will be cleared centrally through the firm’s own Cboe Clear US, a CFTC-regulated derivatives clearing organization.
A Nov. 17 press release indicates the Dec. 15 launch date will mark the beginning of a 24×5 trading cycle open Sunday through Friday between the hours of 6 p.m. and 5 p.m. EST (UTC-5).
On December 15, Cboe will launch Continuous Futures for Bitcoin (#PBT) and Ether (#PET), bringing the benefits of perpetual-style exposure into a transparent, U.S.-regulated environment.
Learn more and prepare for trading: https://t.co/OddQX3j16z pic.twitter.com/ohOGTK7qZb
— Cboe (@Cboe) November 17, 2025
US-regulated perpetual-style futures
While PBT and PET are similar in function to traditional futures, offering long-term exposure to Bitcoin BTC $88 506 24h volatility: 0.9% Market cap: $1.77 T Vol. 24h: $20.68 B and Ethereum ETH $2 997 24h volatility: 0.6% Market cap: $361.69 B Vol. 24h: $10.55 B respectively, Cboe says it has eliminated the need to roll over futures contracts. This means holders can ride out short positions, such as those that may emerge at the end of a contract cycle, without the need for top-ups during rollover repositions.
Where many futures contracts expire on a six or twelve-month basis, forcing holders to close and reopen positions regularly, the new “perpetual-style” offerings from Cboe operate with daily cash adjustments that eliminate the need for contract rollovers, giving PBT and PET contract holders a hassle-free long-term experience with a 10-year expiration at listing.
The market for cryptocurrency futures has expanded rapidly in the past two years. While Cboe is bringing perpetual-style offerings to US consumers, Singapore Exchange Derivatives (SGX) recently announced it will launch Bitcoin and Ethereum perpetual futures on Nov. 24, becoming the first major Asian exchange to offer exchange-cleared crypto perpetual futures.
As Coinspeaker reported on Nov. 17, SGX’s products will be benchmarked to iEdge CoinDesk Crypto Indices and will provide continuous trading without expiry dates.
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