Compass Investments

– Cboe contracts will be linked to BTC and ETH spot quotes, using open funding and settlement in official currencies.

Unlimited futures have already become popular on offshore platforms. Now Cboe is bringing the same benefits to its U.S.-regulated futures exchange, said Catherine Clay, Cboe’s global head of derivatives.

Kaiko expects open-ended contracts to account for 68% of total bitcoin trading volume by 2025.

These open-ended futures differ in design from Cboe’s previous bitcoin futures offerings launched in 2017.

This launch symbolizes Cboe’s return to expanding its cryptocurrency derivatives lineup after a period of absence from the market.

U.S. financial regulators used to prohibit exchanges from issuing such instruments, but under the Trump administration, attitudes toward cryptocurrencies have softened, paving the way for new derivatives products.

Cboe is not the only exchange offering open-ended cryptocurrency contracts to American traders.