Senzoukria · Futures contracts

BTCN8 expiry: July 28, 2028

BTCN8 is the July 2028 delivery of Bitcoin (CME) on CME. Its last trading day is July 28, 2028, and the app moves its default to the next listed month on July 24, 2028, 4 calendar days earlier. One tick is 5, worth $25.00, on a multiplier of 5.

Updated September 2026First published 16 October 2026

On this page
  1. Contract specifications
  2. When BTCN8 stops trading
  3. When the volume actually leaves
  4. What one tick is worth on BTCN8
  5. Every BTC delivery listed in 2028
  6. BTCN8 and MBTN8 side by side
  7. Related pages
  8. In the same section
  9. This page in other languages
  10. Frequently asked questions

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.

BTC 2028: last trading day and roll date of every listed delivery
ContractDeliveryLast trading dayDefault rolls on
BTCF8Jan 2028Jan 28, 2028Jan 24, 2028
BTCG8Feb 2028Feb 25, 2028Feb 21, 2028
BTCH8Mar 2028Mar 31, 2028Mar 27, 2028
BTCJ8Apr 2028Apr 28, 2028Apr 24, 2028
BTCK8May 2028May 26, 2028May 22, 2028
BTCM8Jun 2028Jun 30, 2028Jun 26, 2028
BTCN8 (this page)Jul 2028Jul 28, 2028Jul 24, 2028
BTCQ8Aug 2028Aug 25, 2028Aug 21, 2028
BTCU8Sep 2028Sep 29, 2028Sep 25, 2028
BTCV8Oct 2028Oct 27, 2028Oct 23, 2028
BTCX8Nov 2028Nov 24, 2028Nov 20, 2028
BTCZ8Dec 2028Dec 29, 2028Dec 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.

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.
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