At 1/10 the size of one bitcoin, Micro Bitcoin futures (MBT) provide an efficient, cost-effective new way to fine-tune bitcoin exposure and enhance your trading strategies. Enjoy the features of Bitcoin futures (BTC) in a smaller size that enables traders of all sizes to manage bitcoin price risk.
Trade a smaller-sized contract
Get the same benefits as the larger contract at 1/50 of the contract size, settled to the regulated CME CF Bitcoin Reference Rate (BRR).
Price discovery and transparency
Trade on a regulated exchange and enjoy the price discovery of transparent futures, where all participants see same prices and quotes.
Precisely scale bitcoin exposure
Add more granularity to your trading and risk-management strategies by using Micro Bitcoin futures to fine-tune your exposure.
Capital efficiency in crypto-trading
Save on potential margin offsets with Bitcoin futures and options, and Ether futures, plus add the efficiency of futures contracts.
In this recorded webinar, Craig Bewick, Senior Director of Client Development and Sales, discusses the fundamentals behind the new contract, explores the evolution of crypto derivatives, and examines the price action in the market. Watch the webinar to learn how to get started with this smaller-sized contract.
| Clearing | Globex | Floor | ClearPort | Product Name | Exchange | Product Group | Subgroup | Category | Subcategory | Cleared As | Volume | Open Interest |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MBT | MBT | - | MBT | Micro Bitcoin Futures | CME | Cryptocurrencies | Bitcoin | - | - | Futures | 30,970 | 62,632 |
| BTC | BTC | - | BTC | Bitcoin Futures | CME | Cryptocurrencies | Bitcoin | - | - | Futures | 22,822 | 16,150 |
| ETH | ETH | - | ETH | Ether Futures | CME | Cryptocurrencies | Ether | - | - | Futures | 4,624 | 5,424 |
| BTC | BTC | - | BTC | Options on Bitcoin Futures | CME | Cryptocurrencies | Bitcoin | - | - | Options | 148 | 1,384 |
Learn more about what futures are, how they trade and how you can get started trading.
Contract Specifications
View full contract specificationsCONTRACT SIZE |
0.10 bitcoin |
| 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) |
MINIMUM PRICE FLUCTUATION |
Outrights: $5 per bitcoin = $0.50 per contract Spreads: $1 per bitcoin = $0.10 per contract |
PRODUCT CODE |
MBT |
LISTING CYCLE |
Six consecutive monthly contracts inclusive of the nearest two December contracts. |
Download the product overview and contract specifications to share or print.
Find out more about standard Bitcoin futures and options
Webinar: Getting started with Micro Bitcoin futures
Craig Bewick, Senior Director, Client Development and Sales at CME Group, discusses MBT fundamentals, the evolution of the crypto derivatives market, and more.
Webinar: Bitcoin for Institutions - The New Normal
Industry experts from CME Group, Grayscale, Genesis, and Fidelity Digital Assets discuss the factors behind the growing institutional interest in bitcoin.
Article: How to trade Micro Bitcoin futures (MBT)
Understand how to get started with Micro Bitcoin futures and how they differ from trading spot cryptocurrencies.
Getting started with Micro Bitcoin futures
Download our ten-step guide on how to begin trading Micro Bitcoin futures.
| PLATFORM(S) | ROOT CODE: MBT |
|---|---|
| Bloomberg Front Month | BMR CURNCY |
| CME Direct, CQG, Fidessa, FIS Global, ION, Itiviti, Refinitiv, TT, Vela | MBT |
| DTN | @MBT |
Below is a list of brokers that offer Micro Bitcoin futures. View the expanded list here.
Interactive Brokers
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 135...
NinjaTrader
NinjaTrader provides award-winning trading software and brokerage services to active traders. Supporting 100,000+ users around the globe & 600+ professiona...
Tradestation
TradeStation Group, Inc. is the parent company of online securities and futures brokerage firms and trading technology companies. It is headquartered in Planta...
TD Ameritrade
TD Ameritrade offers clients a broad array of futures trading tools and resources—all for free (contract, exchange and regulatory fees will apply to futures t...
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