Чикагская биржа опционов анонсировала запуск 10-летних фьючерсов на биткоин и Ethereum

cryptonews.ruPublished on 2025-07-09Last updated on 2025-09-10

Чикагская биржа опционов — Cboe Global Markets — анонсировала запуск 10-летних фьючерсов на биткоин и Ethereum для американских трейдеров 10 ноября, ожидая одобрения регуляторов.

Новый формат фьючерсов для США

Деривативная биржа под управлением Чикагской биржи опционов планирует вывести на американский рынок «непрерывные фьючерсные контракты» — продукт, который уже завоевал популярность в децентрализованных финансах. Эти контракты на биткоин и Ethereum предложат трейдерам «единые долгосрочные контракты с 10-летним сроком истечения, что снизит необходимость в периодическом переносе позиций и упростит управление ими».

В отличие от традиционных фьючерсов, требующих регулярного перезаключения, непрерывные фьючерсы работают как бессрочные контракты без даты истечения — формат, широко распространенный в DeFi и на офшорных биржах.

Расчеты в денежном эквиваленте

Контракты Cboe будут привязаны к спотовым ценам BTC и ETH с использованием прозрачного финансирования и денежных расчетов. «Бессрочные фьючерсы получили широкое распространение на офшорных рынках. Теперь Cboe переносит эту же функциональность на нашу регулируемую американскую фьючерсную биржу», — заявила Кэтрин Клей (Catherine Clay), глава подразделения деривативов Cboe.

По данным исследования аналитической фирмы Kaiko, бессрочные контракты составляют 68% всего торгового объема биткоина на криптовалютном рынке за 2025 год.

Новые непрерывные фьючерсы не похожи на предыдущие биткоин-фьючерсы Cboe, запущенные в 2017 году. Этот запуск знаменует возвращение биржи к расширению линейки криптодеривативов после того, как она ранее отступила от этого рынка.

Американские финансовые регуляторы прежде препятствовали биржам в запуске подобных продуктов, но заняли более дружелюбную позицию по отношению к криптовалютам после прихода к власти президента Дональда Трампа, открыв дорогу для новых деривативов.

Cboe не первопроходец в США

Cboe не стала первой биржей, предложившей бессрочные контракты на криптовалюты американским трейдерам. Bitnomial запустила первые бессрочные фьючерсы в США в апреле. Coinbase последовала этому примеру, выпустив нано-фьючерсы на биткоин (Nano Bitcoin Futures) и Ethereum в июле.

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