Cboe Global Markets has announced that it will launch continuous futures contracts for Bitcoin and Ether, pending regulatory review. The new products will begin trading on November 10, according to the announcement released on Tuesday.
These futures are structured as single contracts that last up to 10 years, eliminating the need for frequent rolling required by traditional short-term futures contracts.
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Cboe has stated the contracts will be cash-settled and will use a daily funding rate mechanism to track real-time spot prices.
Cboe was the first US exchange to list Bitcoin futures in 2017, but suspended its program during a market downturn.
It has been active in filing applications for spot cryptocurrency ETFs amid the current bull market.