CBOE weighs converting BTC, ETH continuous futures into perpetual futures: Report

As US regulatory changes accelerate the adoption of crypto perpetual futures and rivals Coinbase and Kalshi expand their offerings, Cboe mulls a product overhaul.

The Chicago Board Options Exchange (CBOE) is considering converting its continuous Bitcoin and Ether futures into perpetual futures, a move that would position the exchange to compete in one of crypto’s fastest-growing derivatives markets following recent regulatory changes in the United States.

The Wall Street Journal on Tuesday reported that CBOE’s global head of derivatives, Rob Hocking, said the exchange is exploring the conversion after the US Commodity Futures Trading Commission (CFTC) approved cryptocurrency perpetual futures for prediction market Kalshi and outlined a regulatory pathway for other registered US exchanges to offer similar products.

Hocking did not provide a timeline for the potential conversion or explain what benefits it would bring to CBOE. The exchange launched its continuous Bitcoin (BTC) and Ether (ETH) futures last December, offering contracts with expirations extending up to a decade.

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