Bitcoin

Futures and Options
Globex Code
BTCH5
Last
84405
Change
+4160 (+5.18%)
Volume
10,295
Last Updated15 Mar 2025 09:07:16 AM CT.
Market data is delayed by at least 10 minutes

Bitcoin Futures - Contract Specs

Contract Unit
5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
Price Quotation
U.S. dollars and cents
Trading Hours
CME Globex:
Outright: Sunday - Friday 5:00 p.m. - 4:00 p.m Central Time (CT) with a 60-minute break each day beginning at 4:00 p.m. CT

BTIC London: Sunday - Friday 6:00 p.m. ET - 4:00 p.m London time (11:00 a.m./12:00 p.m. ET).
Monday - Thursday 4:30 p.m. London Time (11:30 a.m./12:30 p.m. ET) - 5:00 p.m. ET.
Friday 4:30 p.m. London Time (11:30 a.m./12:30 p.m. ET) - 5:00 p.m. ET for Monday’s Reference Rate.
Monday - Thursday 5:00 p.m. - 6:00 p.m. ET daily maintenance period.

BTIC NY: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET with a 60-minute break each day beginning at 5:00pm ET.

BTIC APAC: Sunday - Friday 6:00 p.m. ET - 4:00 p.m. Hong Kong/Singapore time (3:00 a.m./4:00 a.m. ET).
Monday - Thursday 4:30 p.m. Hong Kong/Singapore time (3:30 a.m./4:30 a.m. ET) - 5:00 p.m. ET. for next day's Reference Rate.
Friday 4:30 p.m. Hong Kong/Singapore time (3:30 a.m./4:30 a.m. ET) - 5:00 p.m. ET for Monday’s Reference Rate
Monday - Thursday 5:00 p.m. - 6:00 p.m. ET daily maintenance period.

TAS: Sunday - Friday 5:00 p.m. - 3:00 p.m. CT.
CME ClearPort:
Outright: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT

BTIC London: Sunday 6:00 p.m. ET - Monday 4:00 p.m. London Time (11:00 a.m./12:00 p.m. ET).
Monday - Thursday 1:00 p.m. ET - 6:45 p.m. ET and 7:00 p.m. ET to 4:00 p.m. London Time (11:00 a.m./12:00 p.m. ET).
Monday - Friday 4:00 p.m. London Time - 1:00 p.m. ET and 6:45 p.m. - 7:00 p.m. ET daily maintenance period.

BTIC NY: Sunday 6:00 p.m. - Friday 4:00 p.m. ET with a daily restart for the following day's reference rate at 7:00 p.m. ET.

BTIC APAC: Sunday 6:00 p.m. ET - Monday 4:00 p.m. Hong Kong/Singapore time (3:00 a.m./4:00 a.m. ET). 
Monday - Thursday - 11:00 a.m. ET - 4:00 p.m. Hong Kong/Singapore time (3:00 a.m./4:00 a.m. ET) for next day's Reference Rate.
Friday - 11:00 a.m. ET - 4:00 p.m. Hong Kong/Singapore time (3:00 a.m./4:00 a.m. ET) for Monday’s Reference Rate.
Daily maintenance period 5:00 p.m. - 6:00 p.m. ET.

TAS: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT. TAS submission for the next day's settlement price is available after 6:00 p.m. CT.
Minimum Price Fluctuation
Outright: 5.00 per bitcoin = $25.00

BTIC: 1.00 per bitcoin = $5.00

TAS: Zero or +/- 20 ticks at 1.00 per bitcoin = $5.00

Calendar Spread: 1.00 per bitcoin = $5.00 
Product Code
CME Globex: BTC
CME ClearPort: BTC
Clearing: BTC
TAS: TBT
BTIC: BNB, BTB, ABB
Listed Contracts
Monthly contracts listed for 6 consecutive months, quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 additional quarters and a second Dec contract if only one is listed.
Settlement Method
Financially Settled
Termination of Trading
Outright: Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. If this is not both a London and U.S. business day, trading terminates on the prior London or U.S. business day.

BTIC London: Trading terminates at 4:00 p.m. London time on the business day immediately preceding the day of Final Settlement Price determination for such futures contract. For clarity, BTIC transactions in expiring futures contracts may not be initiated on the Last Trade Date in such expiring futures.

BTIC NY: Trading terminates at 4:00 p.m. New York time on the business day immediately preceding the day of Final Settlement Price determination for such futures contract. For clarity, BTIC transactions in expiring futures contracts may not be initiated on the Last Trade Date in such expiring futures.

BTIC APAC: Trading terminates at 4:00 p.m. Hong Kong/Singapore time on the business day immediately preceding the day of Final Settlement Price determination for such futures contract. For clarity, BTIC transactions in expiring futures contracts may not be initiated on the Last Trade Date in such expiring futures.

TAS: Trading terminates at 3:00 p.m. CT on the U.S. business day immediately preceding the last trade date for such futures contract. TAS transactions in expiring futures contracts may not be initiated on the Last Trade Date in such expiring futures.
TAM or TAS Rules
Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price. TAS available in the nearest three months.

TAS Table
Settlement Procedures
Position Limits
Exchange Rulebook
Block Minimum
Price Limit or Circuit
Vendor Codes

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