Cboe to launch long-dated futures for bitcoin and ether in crypto push

Cboe Global Markets CBOE said on Tuesday it would launch so-called continuous futures for bitcoin and ether starting November 10, as the derivatives exchange looks to expand its crypto offerings.

Exchanges have been pushing to expand digital asset offerings amid a more crypto-friendly environment under the Trump administration.

While traditional futures contracts can require periodic rolling, Cboe's continuous futures are planned to be single, long-dated contracts with a 10-year expiration. That can help simplify position management for traders, according to the exchange.

Futures contracts allow traders to bet or hedge against the future price of an asset, without owning it. Cboe's move would give U.S. traders an option to gain long-term market exposure to digital assets in a regulated framework.

Cboe has been looking to expand its futures product suite, which includes its flagship Cboe Volatility Index (VIX) futures, to serve all types of market participants.

The new product suite could help Cboe bolster its presence among the growing segment of retail traders seeking access to crypto derivatives.

The long-dated crypto futures will be cleared through Cboe Clear U.S., a CFTC-regulated derivatives clearing firm.