Cboe compares Bitcoin perpetual futures with 0DTE options on risk
- —Cboe published "Crossed Wires: Separating Perception from Reality" on July 14, 2026
- —About 92% of SPX 0DTE trading happens in defined-risk structures
- —SPX 0DTE average daily notional volume hit $2.3 trillion in Q2 2026 versus ~$230 billion for crypto perps
- —The CFTC approved the first regulated US Bitcoin perpetual futures via Kalshi on May 29, 2026
Why it matters: With regulated Bitcoin perps now available in the US, risk management is becoming a key issue for new market participants.
Source: Crypto Briefing