On this page
Contract specifications
- Contract symbol
- BTCN0
- Product
- Bitcoin (CME) (BTC)
- Exchange
- CME
- Delivery month
- July 2030 (code N)
- Last trading day
- July 26, 2030
- Default rolls on
- July 22, 2030 (4 days before)
- Tick size
- 5
- Tick value
- $25.00
- Point value
- $5.00
- Next delivery
- BTCQ0 (August 30, 2030)
When BTCN0 stops trading
Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. For BTCN0 that falls on July 26, 2030.
Senzoukria stops offering BTCN0 as the default contract on July 22, 2030, 4 calendar days before that last trading day, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.
When the volume actually leaves
Crypto futures at CME expire monthly and settle against a reference rate rather than a physical asset. Liquidity concentrates in the front month and thins quickly once the roll has passed.
For BTCN0 the next listed delivery is BTCQ0, whose last trading day is August 30, 2030. That is the contract the volume moves into, just as it moved out of BTCM0 on June 24, 2030.
What one tick is worth on BTCN0
The minimum price fluctuation is 5, which is $25.00 per contract on a multiplier of 5. A full point is therefore $5.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 5 sets how finely the bid and ask volume of BTC can be read.
These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a BTCN0 position and the rows of its footprint come from the same numbers.
Every BTC delivery listed in 2030
BTC lists 12 delivery months a year (F, G, H, J, K, M, N, Q, U, V, X, Z). BTCN0 is number 7 of 12 in 2030.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| BTCF0 | Jan 2030 | Jan 25, 2030 | Jan 21, 2030 |
| BTCG0 | Feb 2030 | Feb 22, 2030 | Feb 18, 2030 |
| BTCH0 | Mar 2030 | Mar 29, 2030 | Mar 25, 2030 |
| BTCJ0 | Apr 2030 | Apr 26, 2030 | Apr 22, 2030 |
| BTCK0 | May 2030 | May 31, 2030 | May 27, 2030 |
| BTCM0 | Jun 2030 | Jun 28, 2030 | Jun 24, 2030 |
| BTCN0 (this page) | Jul 2030 | Jul 26, 2030 | Jul 22, 2030 |
| BTCQ0 | Aug 2030 | Aug 30, 2030 | Aug 26, 2030 |
| BTCU0 | Sep 2030 | Sep 27, 2030 | Sep 23, 2030 |
| BTCV0 | Oct 2030 | Oct 25, 2030 | Oct 21, 2030 |
| BTCX0 | Nov 2030 | Nov 29, 2030 | Nov 25, 2030 |
| BTCZ0 | Dec 2030 | Dec 27, 2030 | Dec 23, 2030 |
BTCN0 and MBTN0 side by side
BTC and MBT track the same underlying, but BTC is 50 times the size of MBT: $25.00 a tick against $0.50. Both quote on the same 5 tick. BTCN0 and MBTN0 share the same last trading day, July 26, 2030, so a position in either rolls on the same date.
The practical difference is position sizing rather than behaviour. MBT lets a 50-contract position carry the same exposure as one BTC, which makes partial exits possible on a small account; BTC carries the deeper book, so its footprint and its depth of market are the ones to read even when the position is held in MBT.
Related pages
- BTC — Bitcoin
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Cash settlement
- Continuous contract
- MBT — Micro Bitcoin
- BTCQ0
- BTCM0
- BTC 2030
- MBTN0
In the same section
This page in other languages
Frequently asked questions
- When does BTCN0 expire?
- The last trading day of BTCN0 is July 26, 2030. Trading terminates at 4:00 p.m. London time on the last Friday of the contract month.
- When should I roll out of BTCN0?
- The app switches its default to the next listed month on July 22, 2030, which is BTCQ0. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the last trading day.
- How much is one tick of BTCN0 worth?
- One tick of 5 is $25.00 per contract, and a full point is $5.00, on a multiplier of 5.