Cboe Weighs VIX Perpetual Futures as Exchanges Push Beyond Crypto

This is a notable moment for the derivatives playbook: perpetuals, long a crypto-native structure, are being evaluated for an index that itself cannot be traded directly, which raises design and settlement questions beyond a simple product extension. The exchange's own call for clearer regulatory guidance signals that the main constraint is rulemaking, not demand. Whether perpetuals gain traction outside crypto—and how regulators frame them—is the open question worth tracking.