Cboe Global Markets plans to launch continuous bitcoin and ether futures trading starting Nov. 10, pending regulatory approval, according to a release from the exchange on Tuesday.

The new futures contracts will be structured as single, long-dated contracts with a 10-year expiration, designed to provide continuous long-term market exposure without the need to roll over contracts periodically.

They will also be cash-settled and adjusted daily against real-time spot prices through a transparent funding rate mechanism, which mimics the price alignment feature of perpetuals.

This story is an excerpt from the Unchained Daily newsletter.

“Perpetual-style futures have gained strong adoption in offshore markets,” said Cboe’s Global Head of Derivatives Catherine Clay.

“Now, Cboe is bringing that same utility to our U.S.-regulated futures exchange and enabling U.S. traders to access these products with confidence in a trusted, transparent and intermediated environment.”