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 trading: Bitcoin options on futures

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.

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 2,415 8,067
BTC BTC BTC Options on Bitcoin Futures CME Equities US Index Options 8 3,414
Trade Date: 10 Jul 2020 | PRELIMINARY

 

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

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: 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.
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

 

Learn about Bitcoin

    Resources

    Learn about the underlying Bitcoin pricing products

    More in cryptocurrencies