On this page
Contract specifications
- Contract symbol
- BTCN7
- Product
- Bitcoin (CME) (BTC)
- Exchange
- CME
- Delivery month
- July 2027 (code N)
- Last trading day
- July 30, 2027
- Default rolls on
- July 26, 2027 (4 days before)
- Tick size
- 5
- Tick value
- $25.00
- Point value
- $5.00
- Next delivery
- BTCQ7 (August 27, 2027)
When BTCN7 stops trading
Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. For BTCN7 that falls on July 30, 2027.
Senzoukria stops offering BTCN7 as the default contract on July 26, 2027, 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 BTCN7 the next listed delivery is BTCQ7, whose last trading day is August 27, 2027. That is the contract the volume moves into, just as it moved out of BTCM7 on June 21, 2027.
What one tick is worth on BTCN7
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 BTCN7 position and the rows of its footprint come from the same numbers.
Every BTC delivery listed in 2027
BTC lists 12 delivery months a year (F, G, H, J, K, M, N, Q, U, V, X, Z). BTCN7 is number 7 of 12 in 2027.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| BTCF7 | Jan 2027 | Jan 29, 2027 | Jan 25, 2027 |
| BTCG7 | Feb 2027 | Feb 26, 2027 | Feb 22, 2027 |
| BTCH7 | Mar 2027 | Mar 26, 2027 | Mar 22, 2027 |
| BTCJ7 | Apr 2027 | Apr 30, 2027 | Apr 26, 2027 |
| BTCK7 | May 2027 | May 28, 2027 | May 24, 2027 |
| BTCM7 | Jun 2027 | Jun 25, 2027 | Jun 21, 2027 |
| BTCN7 (this page) | Jul 2027 | Jul 30, 2027 | Jul 26, 2027 |
| BTCQ7 | Aug 2027 | Aug 27, 2027 | Aug 23, 2027 |
| BTCU7 | Sep 2027 | Sep 24, 2027 | Sep 20, 2027 |
| BTCV7 | Oct 2027 | Oct 29, 2027 | Oct 25, 2027 |
| BTCX7 | Nov 2027 | Nov 26, 2027 | Nov 22, 2027 |
| BTCZ7 | Dec 2027 | Dec 31, 2027 | Dec 27, 2027 |
BTCN7 and MBTN7 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. BTCN7 and MBTN7 share the same last trading day, July 30, 2027, 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
- BTCQ7
- BTCM7
- BTC 2027
- MBTN7
In the same section
This page in other languages
Frequently asked questions
- When does BTCN7 expire?
- The last trading day of BTCN7 is July 30, 2027. Trading terminates at 4:00 p.m. London time on the last Friday of the contract month.
- When should I roll out of BTCN7?
- The app switches its default to the next listed month on July 26, 2027, which is BTCQ7. 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 BTCN7 worth?
- One tick of 5 is $25.00 per contract, and a full point is $5.00, on a multiplier of 5.