Bitcoin futures and options on futures

Hedge bitcoin exposure or harness its performance with futures and options on futures developed by the leading and largest derivatives marketplace.

 

Now live: Micro Bitcoin futures

Building on the success of Bitcoin futures and options, Micro Bitcoin futures (MBT) are now available for trading, the newest addition to the suite of cryptocurrency risk management solutions at CME Group. At 1/10 the size of one bitcoin, these new contracts provide an efficient, cost-effective new way to fine-tune bitcoin exposure and enhance your trading strategies.

Discover Micro Bitcoin futures  

Key benefits

Easily trade on your market view

Efficient price discovery in transparent futures markets

Save on potential margin offsets between Bitcoin futures and options on futures

Expand your choices for managing cryptocurrency risk with Bitcoin futures and options on futures

Based on the regulated CME CF Bitcoin Reference Rate (BRR)

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Are you new to futures markets? You're in the right place. Learn more about what futures are, how they trade and how you can get started trading.

Why Trade Futures  

Latest trading activity

Clearing Globex ClearPort Product Name Exchange Product Group Subgroup Cleared As Volume Open Interest
MBT MBT MBT Micro Bitcoin Futures CME Cryptocurrencies Bitcoin Futures 86,260 34,383
BTC BTC BTC Bitcoin Futures CME Cryptocurrencies Bitcoin Futures 6,860 24,295
BTC BTC BTC Options on Bitcoin Futures CME Cryptocurrencies Bitcoin Options 171 9,332
Trade Date: 04 Dec 2025 | PRELIMINARY

 

Contract specifications

Bitcoin futures

View full contract specifications
Contract Unit 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
Minimum Price Fluctuation Outright: $5.00 per bitcoin = $25.00 per contract
Calendar Spread: $1.00 per bitcoin = $5.00 per contract
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT)

CME ClearPort: 6:00 p.m. Sunday to 6:45 p.m. Friday ET (5:00 p.m. - 5:45 p.m. CT) with a 15-minute maintenance window between 6:45 p.m. - 7:00 p.m. ET (5:45 p.m. - 6:00 p.m. CT) Monday - Thursday.
Product Code Outright: BTC
Listing Cycle Six consecutive monthly contracts inclusive of the nearest two December contracts.

Pending regulatory review and certification
View Rulebook Details

Bitcoin options

View full contract specifications
Contract Unit One Bitcoin futures contract (each futures contract equals 5 bitcoin)
Minimum Price Fluctuation Regular Tick: $5 per bitcoin ($25 per contract) for premium > $25 per bitcoin ($125 per contract)
Reduced Tick: $1 per bitcoin ($5 per contract) for premium at or below $25 per bitcoin ($125 per contract)
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT)

CME ClearPort: 6:00 p.m. Sunday to 6:45 p.m. Friday ET (5:00 p.m. - 5:45 p.m. CT) with a 15-minute maintenance window between 6:45 p.m. - 7:00 p.m. ET (5:45 p.m. - 6:00 p.m. CT) Monday - Thursday.
Product Code Outright: BTC
Listing Cycle Six consecutive monthly contracts inclusive of the nearest two December contracts.
Options Style European style. Exercisable only on final settlement day

Pending regulatory review and certification
View Rulebook Details

Vendor trading codes

  Root Code: BTC
Platform(s) Futures Options
Bloomberg Front Month BTCA Curncy BTCA Curncy OMON
Refinitiv Front Month BTCc1 1BTC
Actant, CME Direct, CQG, CTS, Fidessa, ION,
Itiviti, Sungard, TT, Vela		 BTC BTC
DTN / Blue Ocean, Morningstar @BTC @BTC
Activ BTC/[y][m].CMG BTC/[y][m]/[strike][put(p)/call(c)].CMG
Paradigm BTC OG

View BRR and BRTI vendor codes  

 

CME Direct users: download the Bitcoin options grid

  1. Right click on the buttons below
  2. Save the files as an .XML on your computer
  3. In CME Direct, select import view in the main menu
  4. Import the grid into CME Direct

Outright Active Contracts

 

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