Micro Cryptocurrency futures and options
Manage bitcoin, ether, SOL and XRP exposure with greater precision and flexibility. Enjoy the features of larger contracts and the access of a smaller contract size.
More access, less margin
Enjoy nearly 24-hour access, price discovery and reduced counterparty risk. Smaller contracts with lower initial margins and potential margin offset savings provide even greater trading efficiencies.
Fine-tune your exposure
Add precision to your trading strategies and scale positions up or down incrementally using micro-sized contracts.
Trade in a regulated marketplace
CFTC oversight helps ensure integrity in our markets, where all participants see the same contract prices and quotes on contracts settled to CME CF Reference Rates.
Options execution flexibility
Enjoy multiple ways to trade and manage risk in the Globex central limit order book or via delta-neutral and outright block trades.
Micro Cryptocurrency products
Micro Cryptocurrency products
Options on SOL, Micro SOL, XRP and Micro XRP are now live.
Access the evolving cryptocurrency market with a smaller financial commitment
Micro Cryptocurrency futures and options enable market participants to efficiently hedge market-moving events with greater precision and flexibility, enabling traders of all sizes to access crypto market exposure.
Contract specifications
| Micro Bitcoin futures (MBT) | Micro Bitcoin Euro futures (EBM) | Micro Ether futures (MET) | Micro Ether Euro futures (EEM) | Micro SOL futures (MSL) | Micro XRP futures (MXP) | Bitcoin Friday Futures (BFF) | |
|---|---|---|---|---|---|---|---|
| CONTRACT UNIT | 0.10 bitcoin | 0.10 bitcoin | 0.1 ether | 0.1 ether | 25 SOL | 2,500 XRP | 0.02 bitcoin |
| PRICE QUOTATION | U.S. dollars and cents per bitcoin | EUR per bitcoin | U.S. dollars and cents per ether | EUR per ether | U.S. dollars and cents per SOL | U.S. dollars and cents per XRP | U.S. dollars and cents per bitcoin |
| TRADING HOURS |
Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT |
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| MINIMUM PRICE FLUCTUATION |
Outright: $5.00 per bitcoin = $0.50 per contract Calendar Spread: $1.00 per bitcoin = $0.10 per contract |
Outright: €5.00 per bitcoin = €0.50 per contract |
Outright: Calendar Spread: $0.10 per ether = $0.01 per contract |
Outright: €0.50 per ether = €0.05 per contract
|
Outright: $0.05 per SOL = $1.25 per contract Calendar Spread: $0.01 per SOL = $0.25 per contract |
Outright: $0.0005 per XRP = $1.25 per contract Calendar Spread: $0.0001 per XRP = $0.25 per contract |
Outright: $5.00 per bitcoin = $0.10 per contract Calendar Spread: $1.00 per bitcoin = $0.02 per contract |
| PRODUCT CODE | MBT | EBM | MET | EEM | MSL | MXP | BFF |
| LISTED CONTRACTS | Monthly contracts listed for 6 consecutive months, quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 additional quarters and a second Dec contract if only one is listed. | Friday contracts listed for 2 consecutive weeks | |||||
| SETTLEMENT METHOD | Financially Settled | ||||||
| BTIC AVAILABLE | Yes | No | Yes | No | Yes | Yes | Yes |
| TAS available | Yes | No | Yes | No | No | No | No |
| Block Eligible | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Options on Micro Bitcoin futures | Options on Micro Ether futures | Options on Micro SOL futures | Options on Micro XRP futures | Options on Bitcoin Friday futures | |
|---|---|---|---|---|---|
| Contract Size | One Micro Bitcoin futures contract | One Micro Ether futures contract | One Micro SOL futures contract | One Micro XRP futures contract | One Bitcoin Friday futures contract |
| Settlement Method | Deliverable | Financially Settled | |||
| Trading Hours and Venue |
Globex: ClearPort: |
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| Minimum Price Fluctuation | $5.00 per bitcoin = $0.50 contract | $0.50 per ether = $0.05 contract | $.05 per SOL =$1.25 contract | $.0005 per XRP=$1.25 contract | $5.00 per bitcoin = $0.10 contract |
| CME Globex Product Code | Monday Weekly: W1A - W5A Tuesday Weekly: W1B - W5B Wednesday Weekly: W1C - W5C Thursday Weekly: W1D - W5D Friday Weeks 1,2,3,4: W1E - W4E Monthly: WM |
Monday Weekly: V1A - V5A Tuesday Weekly: V1B - V5B Wednesday Weekly: V1C - V5C Thursday Weekly: V1D - V5D Friday Weeks 1,2,3,4: V1E - V4E Monthly: VM |
Monday Weekly: MSM1-MSM5 Tuesday Weekly: MST1-MST5 Wednesday Weekly: MSW1-MSW 5 Thursday Weekly: MSH1-MSH5 Friday Weeks 1,2,3,4: MSF1-MSF4 Monthly: MSL |
Monday Weekly: MXM1-MXM 5 Tuesday Weekly: MXT1-MXT5 Wednesday Weekly: MXW1-MXW 5 Thursday Weekly: MXH1-MXH5 Friday Weeks 1,2,3,4: MXF1-MXF4 Monthly: MXP |
BFF |
| Exercise Procedure | European Style (with no contrary instructions) | ||||
| Listing Schedule | One nearest Monday-Thursday Weekly contract Four nearest weekly Friday contracts of Weeks 1, 2, 3, 4 Monthly contracts listed for 6 consecutive months, quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 additional quarters and a second Dec contract if only one is listed. | Daily contracts listed for 2 consecutive weeks. If the day of the week is not a U.S. business day, the contract will be skipped. | |||
| Minimum Block Threshold | 10 contracts | 100 contracts | 10 contracts | 10 contracts | 25 contracts |
| Block Reporting Window |
RTH: 5 minutes ETH: 15 minutes |
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| Strike Price Listing Schedule | Strike listing reflects the underlying price of the token and days until expiration. View the FAQ for more information. | ||||
Research and analysis
Get our experts' perspectives on current trends.
Explore our comprehensive suite of Cryptocurrency futures and options
Bitcoin
Trade the world’s first and largest cryptocurrency, and manage your exposure with the flexibility of futures and options.
Ether
Efficiently manage your exposure to Ether, the second-largest cryptocurrency by market capitalization, using futures and options.
Solana (SOL)
Expand your trading opportunities with futures and options on one of today's leading cryptocurrencies.
XRP
Achieve capital-efficient access to XRP’s price movements through larger- and Micro-sized contracts.
