The exchange's 10-year Bitcoin and Ether contracts mimic perpetuals through daily cash adjustments, giving users a regulated way to trade crypto futures in the US. Cboe Global Markets plans to launch new Bitcoin and Ether “Continuous Futures” on Dec. 15, offering long-term, perpetual-style exposure to both assets on its futures exchange. According to a Monday announcement from the company, the contracts come with a 10-year term and a daily cash adjustment meant to mirror the economics of perpetual futures, removing the need to roll expiring positions. Futures are standardized contracts that let traders buy or sell an asset at a set price on a future date, often used for hedging or speculation. Read more
Despite a $1 trillion crypto wipeout, a Coinbase executive said Bitcoin’s decline is structural and not bearish since few fundamentals have changed since its September price peak. Key takeaways: Bitcoin fundamentals remain intact despite the $1 trillion drop in the crypto total market cap. Long-term holders and institutional investors continue to absorb Bitcoin’s distributed supply. Read more
Bitcoin futures flip negative for the first time since March as internal flows surge and the market downturn deepens. The Bitcoin futures-to-spot basis has fallen into negative territory, signaling a significant shift in trader sentiment toward de-risking. Futures are now trading below the spot price for the first time since March, erasing the premium that typically reflects strong demand for leverage. This transition into a futures discount phase suggested that Bitcoin (BTC) traders are increasingly unwilling to take on risk, instead pricing BTC’s short-term outlook lower. Key takeaways: Read more