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06/24 03:14

CBOE eyes crypto perpetuals as Kalshi upends futur

CBOE eyes crypto perpetuals as Kalshi upends futures market CBOE has begun evaluating a conversion of its Bitcoin and Ether futures into perpetual contracts after crypto perpetuals generated more than $8.5 billion in trading volume on Kalshi within weeks of launch. According to a June 23 report from The Wall Street Journal, CBOE Global Markets is considering turning its continuous Bitcoin and Ether futures into perpetual futures following recent regulatory developments in the United States. The report cited Rob Hocking, CBOE’s global head of derivatives, who said the exchange is exploring the possibility after the U.S. Commodity Futures Trading Commission approved cryptocurrency perpetual futures for prediction market operator Kalshi. While Hocking did not provide a timeline for any changes, the comments place one of the largest U.S. exchange operators among a growing list of firms responding to fresh competition in the perpetual futures market. CBOE introduced its continuous Bitcoin and Ether futures contracts in December, offering products with expirations extending as far as 10 years. According to The Wall Street Journal, the exchange is now studying whether perpetual contracts could provide an alternative structure following the CFTC’s decision to permit similar products on regulated U.S. venues. Kalshi’s rapid growth has drawn attention from incumbent exchanges Trading activity has accelerated quickly since Kalshi entered the market. According to The Wall Street Journal, Kalshi’s cryptocurrency perpetual futures have recorded more than $8.5 billion in volume within weeks of becoming available.#2026 World Cup Posting Challenge on HTX Square #HTX Creation Challenge — Post and Win 1,500U 💥

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