Cboe拟在美国推出10年期比特币与以太坊期货,BTC和ETH衍生品市场再扩容

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Cboe全球市场将于11月10日推出比特币和以太坊连续期货,提供10年有效期的单一合约,简化头寸管理。该现金结算产品类似永续合约,无到期日,旨在将DeFi热门交易引入美国受监管市场。

Cboe全球市场宣布将为比特币以太坊推出“连续期货”合约,将这一在去中心化金融(DeFi)中备受欢迎的交易产品引入美国市场。

隶属于芝加哥期权交易所的Cboe全球市场于周二透露,计划于11月10日正式推出该产品,目前正等待监管机构的最终审批。

比特币(BTC)和以太坊(ETH)连续期货将为美国投资者提供长达10年的单一长期合约,有效降低频繁展期头寸的需求,从而简化交易和持仓管理流程。

与传统期货不同,连续期货类似于永续合约,不设到期日,这一结构已在DeFi和众多离岸交易所中广受欢迎。

现金结算机制

Cboe推出的合约将采用透明资金机制,与比特币和以太坊现货价格挂钩,并以现金进行结算。

Cboe全球衍生品业务负责人Catherine Clay表示:“永续式期货在离岸市场已取得显著成功。如今,Cboe致力于将同类产品的实用性带入受美国监管的期货交易环境。”

据Kaiko研究数据,2025年至今,永续合约已占所有比特币交易量的68%。

加密货币永续合约数据图表
加密货币永续合约未平仓合约总额达8760亿美元。数据来源:CoinMarketCap

更多创新型加密衍生品

此次推出的连续期货标志着Cboe在产品结构上的创新,与2017年其最初推出的比特币期货存在显著差异。

该举措也意味着Cboe在退出加密货币市场一段时间后,重新扩展其加密衍生品业务线。

尽管美国金融监管机构曾限制此类产品上市,特朗普政府上台后对加密货币持更开放态度,为更多衍生品的推出创造了条件。

Bitnomial与Coinbase已抢先推出永续合约

Cboe并非首家向美国用户提供加密永续合约的交易所。

Bitnomial已于今年4月推出美国市场首款永续期货合约,而Coinbase也在7月跟进,推出了纳米比特币和纳米以太坊永续期货产品。

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