Over 1 million micro-bitcoin futures (MBT) have been traded since its launch in early May, making it one of the most successful product launches in CME Group’s history. Micro bitcoin futures continue to attract both active futures and cryptocurrency traders who want to take advantage of the bitcoin marketplace at a fraction of the cost.
“The addition of micro-bitcoin futures has opened the door to entry into the futures marketplace for active retailers of all asset classes,” said Martin Franchi, CEO of NinjaTrader Group, LLC. “We have seen that the rapid popularity of this new microcontract among the NinjaTrader user community correlates with the growing demand from cryptocurrency traders interested in the ability to diversify and leverage professional tools for their trading.”
Micro Bitcoin futures are settled in cash at the CME CF Bitcoin reference rate, which serves as the once-daily reference rate for the US dollar price of Bitcoin.
Trading micro bitcoin futures versus the bitcoin spot market offers many advantages, including:
- Reduced financial commitment: Micro Bitcoin Futures (MBT) are 1/10 of a Bitcoin and 1/50 of the standard Bitcoin futures contract. The smaller contract size allows for greater flexibility and reduced margin requirements.
- Trade long or short: Like all other futures contracts, MBT futures can be traded on both the long and the short side without restrictions. This is very convenient for traders compared to the spot bitcoin market which can only be traded from the long side.
- Transparent prices: MBT futures trading on the electronic trading system Globex from CME, a highly secure trading system. All dealers see the same price, offer and offer, which means more transparency.
- liquidity: CME’s liquidity pool is huge and global, centered on a single order book. In addition to active participants from all over the world, there are many market makers who add depth and size to the order book.
- Regulated marketplace: MBT futures are listed with the CME Group and settled with the CME clearinghouse, which offers considerable security and stability compared to unregulated markets without a clearinghouse.
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