CME Group launched a new Micro Bitcoin futures contract that is 1/10th the size of one bitcoin, making it more affordable for traders. Being able to trade these Bitcoin Futures on a regulated exchange can offer traders a new way to manage risk and they are available to trade at Tradovate.
If you have ever wanted to trade virtual currencies, the new virtual currency futures offer you an opportunity to get into the market. With the new Micro contracts are 1/10th the size of 1 bitcoin with a tick size of $0.50 per contract.
Whether you have traded virtual currencies before or are new to them, this could be a cost-effective new way for you to diversify your trading portfolio and offers a new way to manage risk.
Get the same benefits as the larger contract at 1/50th of the contract size, settled to the regulated CME CF Bitcoin Reference Rate.
Enjoy price discovery of transparent futures, where all participants see the same prices and quotes.
Save on potential margin offsets with CME Bitcoin futures, plus add the efficiency of futures contracts.
3 Things to Know Before Trading Micro Bitcoin Futures
8 Contracts Available at a Time - Listed are the nearest 6 consecutive contract months, as well as the nearest two December Contracts months.
Expires the Last Friday of the Month - Follows the same expiration as their larger contract, expiring on the last Friday of the month and settles in cash.
24-6 Trading - Trade Sunday - Friday - nearly 24 hours per day.
Important Information Regarding Trading Currency Futures
Trading virtual currency derivatives have a variety of unique and potentially significant risks. Please read our full Virtual Currency Transaction Disclosures & Risk Disclosure Statement for Virtual Currency Futures prior to any virtual currency trading.
Tradovate Holdings, LLC Affiliates: Tradovate Technologies, LLC is a software development company that owns and supports all proprietary technology relating to and including the Tradovate Platform. Tradovate, LLC is an NFA registered introducing broker providing brokerage services to traders of futures exchange products.
*Tradovate, LLC does not charge platform, maintenance, or inactivity fees. Exchange, NFA, and clearing fees still apply.
*Trade with no commitment per side pricing or unlimited contracts with the purchase of a commission-free plan
Brokerage services are provided by Tradovate, LLC. Tradovate, LLC is a member of the NFA and registered with the CFTC. This is not an offer or solicitation for brokerage services or other products or services in any jurisdiction where Tradovate is not authorized to do business or where such offer or solicitation would be contrary to local laws and regulations of that jurisdiction.
Futures and options trading involves substantial risk of loss and is not suitable for all investors. Investors should understand the risks involved in trading and carefully consider whether such trading is suitable in light of their financial circumstances and resources. Past performance is not necessarily indicative of future results.
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