United States, May 3, 2021 /AlexaBlockchain/ – CME Group, the world’s leading and most diverse derivatives marketplace, today launched Micro Bitcoin futures, further expanding its suite of crypto derivatives offerings.
CME Micro Bitcoin Futures
At 1/10 the size of one bitcoin, Micro Bitcoin futures (MBT) provide investors an efficient, cost-effective new way to fine-tune bitcoin exposure and enhance their trading strategies. MBT enables traders of all sizes to manage bitcoin price risk while enjoying the features of Bitcoin futures (BTC) in a smaller size.
Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, said:
“We are pleased to introduce this new contract at a time when we continue to see consistent growth of liquidity and participation in our crypto futures and options.”
CME Micro Bitcoin Futures Contract Specifications
| CONTRACT SPECIFICATIONS | |
| CONTRACT 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) 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. |
| MINIMUM PRICE FLUCTUATION | Outrights: $5 per bitcoin = $0.50 per contract Spreads: $1 per bitcoin = $0.10 per contract |
| PRODUCT CODE | CME Globex: MBT CME ClearPort: MBT Clearing: MBT |
| LISTING CYCLE | Six consecutive monthly contracts inclusive of the nearest two December contracts. |
| FINAL SETTLEMENT | Cash settled by reference to final settlement price, equal to the CME CF Bitcoin Reference Rate (BRR) on last day of trading. |
| TERMINATION OF TRADING | Trading terminates at 4 p.m. London time on the last Friday of the contract month. If that day is not a business day in both the U.K. and the US, trading terminates on the preceding day that is a business day for both the U.K. and the U.S. |