Hey, have you all noticed? Cboe, the globally renowned derivatives trading exchange, is making big moves again! They plan to launch continuous futures for Bitcoin and Ethereum on November 10, although it still needs to be approved by the regulatory authorities. This is quite a favourable information because people's interest in digital assets continues to rise, and this new product line perfectly meets market demand.

The newly launched futures will promote traders' participation in the cryptocurrency market, execute trading strategies, and manage risks in a more "simple and efficient" manner. Unlike traditional futures contracts, Cboe's continuous futures will be designed as long-term contracts, expiring in about ten years. These contracts are not only cash-settled but will also be linked to the real-time market prices of Bitcoin and Ethereum, using daily cash adjustments and financing rates to ensure that prices closely follow the underlying assets.

At the HOOD Summit in Las Vegas, Catherine Clay, the global head of derivatives at Cboe, specifically mentioned that this long-duration futures has become very popular in overseas markets. Cboe also hopes to achieve the same success within the regulatory framework in the United States. However, it seems that the new regulatory environment has already begun to loosen up regarding cryptocurrencies. Many of the cryptocurrency enforcement actions from the era of former SEC Chair Gary Gensler, such as lawsuits against certain mainstream market platforms, have now all been withdrawn.

With some key cryptocurrency bills passing in Congress, a major trend this year is that benchmark companies in the traditional financial sector are beginning to treat Bitcoin and Ether as company reserve assets. These changes are one of the driving forces of the new government. Ultimately, Cboe hopes that this new futures product will not only attract current institutional investors and customers of CFE (Cboe Futures Exchange), but also provide more retail traders the opportunity to enter the cryptocurrency derivatives market.

In addition, Cboe has big plans! They want to expand the VIX futures product line to cover more equity volatility, digital assets, and global fixed income products. The new Bitcoin and Ether continuous futures will be cleared through Cboe Clear US, which is regulated by the Commodity Futures Trading Commission.

Speaking of the market, as of now, the trading price of Bitcoin is $111,400, having fallen by 1.2% in the past 24 hours. Meanwhile, Ethereum has also dropped by 1.5%, with a current trading price of $4,292.

Just a reminder, everyone, this information is for sharing purposes only and does not constitute specific investment advice. Past market performance does not guarantee future results! (After reading this, what are your thoughts? Feel free to leave a message and chat!) 📊📉