Cboe Eyes Shift to Crypto Perpetual Futures
Regulatory tailwinds and pressure from Coinbase and Kalshi push Cboe toward perpetual crypto contracts.
Cboe is weighing a conversion of its Bitcoin and Ether continuous futures contracts into perpetual futures, according to a June 2026 report by CoinTelegraph, as US regulatory shifts make the product structure increasingly viable for regulated exchanges.
Why It Matters
Perpetual futures — contracts with no expiry date that dominate offshore crypto trading — have long been restricted in the US due to CFTC oversight requirements. As of June 2026, that regulatory posture is shifting, and Cboe's potential move signals that traditional exchanges intend to capture volume currently flowing to unregulated venues. For traders and iGaming-adjacent crypto platforms, a Cboe-listed perpetual product would offer exchange-grade clearing, reduced counterparty risk, and institutional liquidity that offshore perp markets cannot match. The competitive stakes are direct: Coinbase and Kalshi have already moved to expand their perpetual futures offerings, forcing Cboe's hand.
Context
Cboe currently lists continuous futures on BTC and ETH — rolling contracts that approximate but do not replicate the perpetual structure popular on platforms like Binance and Bybit. Perpetual futures use a funding rate mechanism to keep contract prices anchored to spot, making them the preferred instrument for leveraged crypto speculation globally. The CFTC's evolving guidance under the current US administration has opened a credible path for CFTC-registered designated contract markets to list these instruments domestically, per CoinTelegraph's reporting.
What's Next
The critical milestone is a formal CFTC product approval or no-action relief allowing Cboe to list true perpetuals; watch for a Cboe filing or public comment submission in the weeks ahead. If approved, a product launch would intensify the three-way competition among Cboe, Coinbase Derivatives, and Kalshi for institutional and retail perpetual futures flow.
Gambling and leveraged derivatives trading both carry significant financial risk. Never trade more than you can afford to lose.
Source: CoinTelegraph, June 2026
Related on WeeBet
Keep reading
WeeBet Weekly
The week's biggest market move, in 4 minutes.
Every Friday: the top Polymarket and Kalshi price shift, one regulatory story that actually matters, and one chart. No fluff, no promo. Free.
Free. Unsubscribe in one click. We'll never sell your email.