Micro Bitcoin Futures (MBT), recently launched by the Chicago Mercantile Exchange (CME) Group, is one such futures product. What Is Micro Bitcoin Futures? Micro Bitcoin Futures (MBT) is a futures product that aims to give small investors exposure to Bitcoin ( BTC). They were launched by the Chicago Mercantile Exchange (CME) Group in May 2021.
What are the contract specs for CME bitcoin futures?
Here is a brief look at the contract specs for CME Bitcoin futures: From a practical standpoint, CME full-sized BTC futures are relatively expensive to trade. The significant tick value of $25.00 restricts many retail participants from becoming involved with the full-sized contract.
What is the minimum price fluctuation for bitcoin futures?
As mentioned previously, the contract unit is 0.10 Bitcoin. The minimum price fluctuation for an outright futures position is $5.00 per Bitcoin, equivalent to $0.50 per contract. An outright futures position refers to the investors’ actions of going long or short without hedging market risks.
Is the bitcoin market open 24/7?
As with other cryptocurrencies, the bitcoin market is open 24/7. That’s because bitcoin and other cryptocurrencies operate on a decentralised computer network. When you trade with us, you’ll be able to speculate on bitcoin’s price movements from 8am Saturday until 10pm Friday using spread bets and CFDs.
