#94 of 115 in the US ranking · Derivatives

Cboe Futures Exchange (CFE) Review (October 2026): Fees, US States and Licenses

Best for: Perpetual-style Bitcoin, Ether futures

4.8/10

US access 20%9.0
Regulation 20%2.5
Security record 15%6.0
Cost 15%5.0
Range 10%3.2
Popularity 15%1.0
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins2
Custody— Not verified
App Store— Not verified

Our verdict

Cboe Futures Exchange (CFE) lists cash-settled Bitcoin and Ether futures, including continuous futures (PBT, PET) announced for December 15, 2025 and now trading, with 10-year expirations and a daily funding adjustment. The continuous contracts clear through Cboe Clear U.S. and trade 23 hours a day, five days a week. Individuals need a broker with CFE access; the customer exchange fee on them is $0.02 per contract side.

Pros

Perpetual-style BTC and ETH futures with 10-year expirations
Small contract size: 0.01 bitcoin per PBT contract
Customer exchange fee of $0.02 per continuous contract side

Cons

Only Bitcoin and Ether underlyings are listed
Trades 23 hours on five days, not 24/7
Requires a broker; retail broker support was not confirmed

Cboe Futures Exchange (CFE) fees

Maker / taker: — Not verified
Simple buy: — Not verified
Volume tiers: CFE transaction fee per contract side (schedule effective Sept 30, 2026): continuous futures PBT/PET $0.02 for customers; financially settled FBT/FET $0.40 for customers. Broker commission and the CFE regulatory fee are extra.
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: — Not verified
Minimum deposit: — Not verified

Is Cboe Futures Exchange (CFE) available in my state?

US investors reach CFE's cash-settled Bitcoin and Ether futures through a broker with CFE access; Cboe's site shows the continuous futures (PBT, PET), announced for Dec 15, 2025, as now trading.

The list of states this platform serves is not verified yet.

No state restrictions were found at exchange level; availability depends on the broker used.

New York: — Not verified
ID check (KYC): Yes
Withdraw crypto: No
Funding: — Not verified

Is Cboe Futures Exchange (CFE) regulated?

CFTC
Cboe BZX: CBOE (parent Cboe Global Markets, Inc.)

US operator: Cboe Futures Exchange, LLC
Parent company: Cboe Global Markets, Inc. (Cboe BZX: CBOE)
State licenses: — Not verified
New York license: — Not verified
CFTC / NFA: CFTC-regulated futures exchange (Cboe Futures Exchange, LLC); crypto futures clear through Cboe Clear U.S., LLC, a CFTC-regulated clearinghouse
Founded: 2004
Headquarters: Chicago, IL, USA

How secure is Cboe Futures Exchange (CFE)?

Proof of reserves: N/A (cash-settled futures; no customer crypto held)
Audits: — Not verified
Insurance: — Not verified

Incidents since 2019

None found in the sources checked.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Cboe Futures Exchange (CFE)

Futures
Perpetuals

Bitcoin and Ether futures only. The continuous futures are 10-year contracts with a daily funding adjustment (perpetual-style), not open-ended perpetuals, and trade 23 hours a day, five days a week. Cboe also lists cash-settled Bitcoin U.S. ETF Index options (CBTX, MBTX), which are index options rather than CFE futures.

Apps: —
Support: Phone (CFE trade desk), Email (CFE trade desk)

Cboe Futures Exchange (CFE) FAQ

Is Cboe Futures Exchange regulated in the US?

US customers are served by Cboe Futures Exchange, LLC. Registrations and licenses on record: CFTC, Cboe BZX: CBOE (parent Cboe Global Markets, Inc.).

Can I withdraw crypto from Cboe Futures Exchange to my own wallet?

No. Cboe Futures Exchange does not let US users withdraw crypto to an external wallet.

Does Cboe Futures Exchange require ID verification?

Yes. Cboe Futures Exchange verifies your identity before you can trade.

How many cryptocurrencies can I trade on Cboe Futures Exchange?

About 2 cryptocurrencies are available to US users, per Cboe Futures Exchange's official asset list.

Alternatives to Cboe Futures Exchange (CFE)

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.