In response to growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure, CME options on Bitcoin futures (BTC) are now trading.
The value of options on Bitcoin futures is based on the regulated CME CF Bitcoin Reference Rate (BRR) and settles into actively traded Bitcoin futures. Read the FAQ on our Bitcoin options. Watch the videos to learn more on how our Bitcoin contracts work and how they can be used.
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)
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
| Clearing | Globex | ClearPort | Product Name | Exchange | Product Group | Subgroup | Cleared As | Volume | Open Interest |
|---|---|---|---|---|---|---|---|---|---|
| BTC | BTC | BTC | Bitcoin Futures | CME | Equities | US Index | Futures | 11,473 | 13,088 |
| BTC | BTC | BTC | Options on Bitcoin Futures | CME | Equities | US Index | Options | 238 | 2,869 |
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<br>Calendar Spread: $1.00 per bitcoin = $5.00 per contract |
| Trading Hours | CME Globex: 5:00 p.m. – 4:00 p.m. Central Time Sunday – Friday. CME ClearPort: 6:00pm Sunday to 5:45pm Friday Central Time with a 15-minute maintenance window between 5:45pm to 6:00pm Central Time 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
| 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, skew., 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 |
- Right click on the buttons below
- Save the files as an .XML on your computer
- In CME Direct, select import view in the main menu
- Import the grid into CME Direct
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