Sept 9 (Reuters) - 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.