Cboe Global Markets Inc. is pushing to bring one of crypto’s most speculative trading tools into mainstream US markets. The exchange said it plans to launch long-dated versions of perpetual Bitcoin and Ether futures on Nov. 10, pending regulatory approval.
Perpetual futures, which never expire, have long been the engine of offshore crypto bets, powering massive trading volume on venues such as Binance and OKX. They let traders make constant, leveraged bets on prices without ever taking delivery of the tokens.