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.

 

Coming February 8: Ether futures

Building on the success of Bitcoin futures and options, Ether futures will be joining the growing suite of cryptocurrency risk management solutions available at CME Group beginning February 8.

Explore Ether 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
BTC BTC BTC Bitcoin Futures CME Equities US Index Futures 18,337 11,945
BTC BTC BTC Options on Bitcoin Futures CME Equities US Index Options 46 2,181
Trade Date: 19 Jan 2021 | FINAL

 

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: 7:00 p.m. Sunday to 6:45 p.m. Friday ET (6:00 p.m. - 5:45 p.m. CT) with a 15-minute maintenance window between 6:45 p.m. to 7:00 p.m. ET Monday - Thursday (5:45 p.m. - 6:00 p.m. CT)
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

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: 7:00 p.m. Sunday to 6:45 p.m. Friday ET (6:00 p.m. - 5:45 p.m. CT) with a 15-minute maintenance window between 6:45 p.m. to 7:00 p.m. ET Monday - Thursday (5:45 p.m. - 6:00 p.m. CT)
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, 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

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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