Cboe Plans Launch of Continuous Bitcoin and Ether Futures on November 10

Cboe plans to launch “Continuous futures” for bitcoin and ether on Nov. 10, pending regulatory approval.

Contracts will last up to 10 years, unlike traditional monthly or quarterly futures.
This structure minimizes the need for traders to roll positions into new contracts.
Futures will be adjusted daily against spot prices using a transparent funding rate mechanism.
Contracts are cash-settled; settlement occurs in dollars, linked to crypto's spot price.
Target audience includes institutional participants and retail traders interested in crypto derivatives.
Clearing will occur through Cboe Clear U.S., regulated by the Commodity Futures Trading Commission (CFTC).