A little bitcoin, a lot of potential
Bitcoin Friday futures (BFF) offer a precise and flexible way to trade bitcoin exposure. Each BFF contract represents 1/50 of a bitcoin, ensuring capital efficiency and accessibility.
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Features and benefits
Experience greater accessibility with a smaller contract
Manage your bitcoin trading strategy with increased precision and flexibility using BFF, sized at 1/50 of a bitcoin.
Achieve enhanced capital efficiency
Enjoy reduced financial commitment and potential margin savings when trading bitcoin compared to other Crypto.
Benefit from rising bitcoin liquidity
BFF settles at 4:00 p.m. New York time to the BRRNY, the same underlying benchmark of some of the leading spot bitcoin ETFs.
Limit weekend risk with new Weekly expiries
Only two consecutive Friday contracts are listed giving traders the choice to hodl or not hodl exposure over the weekend.
Enjoy transparent price discovery
Trade on a CFTC-regulated exchange and enjoy the price discovery of transparent futures, where all participants see the same prices and quotes.
Go long or go short
No matter what your view is on the crypto market, easily make a move with BFF.
Explore this product in depth
About the underlying reference rate
Bitcoin Friday futures expire to the CME CF Bitcoin Reference Rate New York Variant (BRRNY) every Friday at 4:00 p.m. ET. This may lead to a closer alignment with the spot price of bitcoin.
The rate is calculated using aggregated cryptocurrency trade activity from major spot exchanges during an explicit calculation window. Calculation rules are geared towards maximum transparency and replicability in the underlying spot markets.
More choices to manage bitcoin exposure
Bitcoin futures
The first cryptocurrency contract launched at CME Group, Bitcoin futures can help you easily trade a view of bitcoin.
Micro Bitcoin futures
Enjoy the same features of larger Bitcoin futures at a fraction of the size and lower margins.
Bitcoin Euro futures
Sized at five bitcoin per contract, Bitcoin Euro futures offer a cost-effective new way to manage bitcoin exposure and euro price risk in a single product.
Micro Bitcoin Euro futures
Enjoy the same features of larger Bitcoin Euro futures at a fraction of the size and lower margins.
Analyze cryptocurrencies using tools
Courses
Take self-guided courses on Bitcoin futures and options products.
If you're new to futures, the courses below can help you quickly understand the Bitcoin market and start trading.
Subscribe to Cryptocurrency updates
Connect with a member of our expert Cryptocurrency team for more information about our products.
