Cboe Global Markets plans to list perpetual futures on VIX

Cboe Global Markets: Cboe Global Markets operates major US exchanges focused on options, futures, and equities trading. It recently extended its exclusive long-term licensing deal for S&P 500 Index options through 2051 while exploring new products. The company is specifically evaluating perpetual futures tied to the VIX as part of efforts to bring leveraged, no-expiry contracts to traditional asset classes. Cboe Volatility Index: The Cboe Volatility Index, commonly known as the VIX or Wall Street's fear gauge, tracks expected 30-day volatility in the S&P 500 based on options pricing. Cboe is examining the possibility of listing perpetual futures on the index itself, enabling direct and continuous exposure without the need for rolling contracts. This would mark the first opportunity to trade the VIX level outright in a futures format. Industry Shift: Traditional financial venues are adapting perpetual contract structures, which eliminate expiration dates, to expand beyond cryptocurrency into equity-related benchmarks. Product Innovation: US exchanges are actively exploring perpetual futures on non-crypto assets such as volatility indices to replicate the continuous trading features popular in digital asset markets. Regulatory Context: Development of VIX perpetual futures by Cboe is described as contingent on gaining further clarity around US derivatives regulation for such instruments.