On this page
Contract specifications
- Contract symbol
- BTCN8
- Product
- Bitcoin (CME) (BTC)
- Exchange
- CME
- Delivery month
- July 2028 (code N)
- Last trading day
- July 28, 2028
- Default rolls on
- July 24, 2028 (4 days before)
- Tick size
- 5
- Tick value
- $25.00
- Point value
- $5.00
- Next delivery
- BTCQ8 (August 25, 2028)
When BTCN8 stops trading
Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. For BTCN8 that falls on July 28, 2028.
Senzoukria stops offering BTCN8 as the default contract on July 24, 2028, 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 BTCN8 the next listed delivery is BTCQ8, whose last trading day is August 25, 2028. That is the contract the volume moves into, just as it moved out of BTCM8 on June 26, 2028.
What one tick is worth on BTCN8
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 BTCN8 position and the rows of its footprint come from the same numbers.
Every BTC delivery listed in 2028
BTC lists 12 delivery months a year (F, G, H, J, K, M, N, Q, U, V, X, Z). BTCN8 is number 7 of 12 in 2028.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| BTCF8 | Jan 2028 | Jan 28, 2028 | Jan 24, 2028 |
| BTCG8 | Feb 2028 | Feb 25, 2028 | Feb 21, 2028 |
| BTCH8 | Mar 2028 | Mar 31, 2028 | Mar 27, 2028 |
| BTCJ8 | Apr 2028 | Apr 28, 2028 | Apr 24, 2028 |
| BTCK8 | May 2028 | May 26, 2028 | May 22, 2028 |
| BTCM8 | Jun 2028 | Jun 30, 2028 | Jun 26, 2028 |
| BTCN8 (this page) | Jul 2028 | Jul 28, 2028 | Jul 24, 2028 |
| BTCQ8 | Aug 2028 | Aug 25, 2028 | Aug 21, 2028 |
| BTCU8 | Sep 2028 | Sep 29, 2028 | Sep 25, 2028 |
| BTCV8 | Oct 2028 | Oct 27, 2028 | Oct 23, 2028 |
| BTCX8 | Nov 2028 | Nov 24, 2028 | Nov 20, 2028 |
| BTCZ8 | Dec 2028 | Dec 29, 2028 | Dec 25, 2028 |
BTCN8 and MBTN8 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. BTCN8 and MBTN8 share the same last trading day, July 28, 2028, 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
- BTCQ8
- BTCM8
- BTC 2028
- MBTN8
In the same section
This page in other languages
Frequently asked questions
- When does BTCN8 expire?
- The last trading day of BTCN8 is July 28, 2028. Trading terminates at 4:00 p.m. London time on the last Friday of the contract month.
- When should I roll out of BTCN8?
- The app switches its default to the next listed month on July 24, 2028, which is BTCQ8. 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 BTCN8 worth?
- One tick of 5 is $25.00 per contract, and a full point is $5.00, on a multiplier of 5.