Since its launch in early May, over 1 million Micro Bitcoin futures (MBT) contracts have been traded making it one of the most successful product launches in CME Group history. Micro Bitcoin futures continues to attract both active futures & cryptocurrency traders looking to capitalize on the Bitcoin marketplace at a fraction of the cost.
“The addition of Micro Bitcoin futures has further opened the door for active retail traders across asset classes to enter the futures marketplace,” said Martin Franchi, CEO of NinjaTrader Group, LLC. “We have seen the fast rise in popularity of this new micro contract among the NinjaTrader user community correlate with growing demand from cryptocurrency traders interested in the opportunity to diversify and leverage professional tools in their trading.”
Micro Bitcoin futures are cash-settled to the CME CF Bitcoin Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of Bitcoin.
There are many benefits to trading Micro Bitcoin futures vs the Bitcoin spot market including:
- Reduced Financial Commitment: Micro Bitcoin futures (MBT) are 1/10th of one Bitcoin and 1/50th of the standard Bitcoin futures contract. The smaller contract size allows for greater flexibility and reduced margin requirements.
- Trade Long or Short: MBT futures, like all other futures contracts, can be traded from both the long and 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 Pricing: MBT futures trade on the CME’s Globex electronic trading system, a highly secure trading system. All traders see the same price, bid and offer which means greater transparency.
- Liquidity: CME’s liquidity pool is vast and global and is concentrated in a single order book. In addition to active participants from around the world, there are many market makers that add depth and size to the order book.
- Regulated Marketplace: MBT futures are listed at CME Group and clear at the CME Clearinghouse which offers significant safeguards and stability compared to unregulated markets with no clearinghouse.
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