What Are CME Micro Bitcoin Futures?
CME Group's Micro Bitcoin Futures (MBT) represent a smaller, more accessible version of traditional Bitcoin futures contracts. Each MBT contract is sized at 0.10 Bitcoin (1/10th of a Bitcoin), offering traders precise exposure to Bitcoin price movements while minimizing capital requirements.
Key Features:
- Fractional Exposure: Trade Bitcoin in smaller increments (1/10 BTC per contract).
- Regulated Market: Price transparency and standardized settlement on CME's platform.
- Capital Efficiency: Higher margin leverage compared to spot crypto trading.
👉 Discover how to trade Micro Bitcoin Futures today
Contract Specifications
| Detail | Specification |
|---|---|
| Contract Size | 0.10 Bitcoin |
| Trading Hours | CME Globex: Sun 6 PM–Fri 5 PM ET (with daily 60-min pause starting at 5 PM ET) |
| Minimum Price Fluctuation | $0.50 per contract ($5 per BTC) for outrights; $0.10 ($1 per BTC) for spreads |
| Ticker Symbols | CME Globex: MBT; ClearPort: MBT; IBKR: MBT |
| Settlement | Cash-settled via CME CF Bitcoin Reference Rate (BRR) |
Trading Benefits
1. Enhanced Risk Management
Micro contracts allow traders to fine-tune Bitcoin exposure without overextending positions.
2. Institutional-Grade Tools
- Price discovery through regulated futures markets
- Portfolio hedging strategies
3. Cost-Effective Entry
Lower margin requirements versus standard Bitcoin futures (5 BTC per contract).
👉 Learn about Bitcoin futures strategies
FAQs
Q: Who should trade Micro Bitcoin Futures?
A: Active traders seeking precise BTC exposure, portfolio managers hedging crypto risk, and arbitrageurs.
Q: How is settlement price determined?
A: Based on the CME CF Bitcoin Reference Rate (BRR) at contract expiration.
Q: What’s the minimum account size?
A: Depends on broker requirements; IBKR typically approves accounts with $2,000+.
How to Trade with Interactive Brokers
Existing IBKR Clients:
- Ensure futures trading permissions are enabled under Settings > Account Settings.
- Search "MBT" in Trader Workstation to begin trading.
New Clients:
Open an IBKR account to access global futures markets.
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