Cboe Takes on CME: Mag10 Futures, Crypto Push Unveiled

- Cboe to launch Magnificent 10 Index futures and options, targeting key tech stocks. - Bitcoin and Ether perpetual futures planned for November 2025, pending regulatory approval. Cboe Global Markets is ramping up competition with CME Group. The exchange is launching futures on its new tech-heavy Magnificent 10 Index and introducing U.S.-regulated cryptocurrency derivatives. These new products include futures and options tied to the Magnificent 10 Index, along with cash-settled Bitcoin and Ether perpetual futures. With these additions, Cboe aims to meet the growing institutional and retail demand for streamlined exposure to major technology firms and digital assets. On September 10, 2025, Bloomberg reported on the new Magnificent 10 (Mag10) Index. The index adds Broadcom, Palantir, and Advanced Micro Devices (AMD) to the well-known Magnificent Seven lineup: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Together, these companies account for around 38% of the S&P 500’s market value, and Cboe plans to launch futures and options tied to this index in Q4 2025. By 2026, the exchange will offer innovative strategies like zero-days-to-expiry (0DTE) options. These expansions will provide nearly continuous trading opportunities around the clock on weekdays. Cboe is also expanding into cryptocurrency derivatives. The exchange announced plans to introduce cash-settled Bitcoin and Ether perpetual futures on November 10, 2025, which will feature a 10-year expiration model, contingent upon regulatory approval. This design minimizes the rollover requirements typical of shorter-term futures. According to Seeking Alpha, the move aims to bring the popular perpetual futures format from offshore exchanges into the regulated U.S. market. Cboe has historically focused on products like the VIX Index. Now, its shift toward tech-heavy index derivatives and cryptocurrencies reflects a broader strategy. The exchange aims to challenge CME Group’s dominant position in U.S. equity and crypto futures. These innovations cater to traders who seek efficient methods to manage exposure to high-growth technology and volatile digital currencies.