Cboe Reportedly Considers Turning BTC and ETH Continuous Futures Into Perpetuals

Cboe is reportedly considering an overhaul of its Bitcoin and Ether continuous futures products, with a potential move to convert them into perpetual futures. The review comes as crypto perpetual futures gain traction in the United States under a changing regulatory backdrop.

The development matters because perpetual futures are a major part of global crypto derivatives trading, and broader US availability could reshape how exchanges compete for institutional and active trader demand. For Cboe, a product conversion would signal an effort to keep pace as the US market structure for crypto derivatives evolves.

Competition is also intensifying. Coinbase and Kalshi have been expanding their own offerings, adding pressure on established exchange operators to refine crypto products and capture demand from traders seeking regulated venues.

The reported deliberations do not mean a final product change has been announced. Any shift would depend on Cboe’s internal plans and the relevant regulatory pathway, especially as US oversight of crypto-linked derivatives continues to develop.

For readers, the key point is that major US venues are moving deeper into crypto derivatives as regulatory conditions change. Cboe’s reported review places Bitcoin and Ether futures at the center of that broader market adjustment.