Bitcoin Futures Trading
Why Trade Bitcoin Futures With Us?
Enjoy Platform Flexibility
Trade conveniently using your futures-enabled account on the trading platform type that works best for you – desktop, browser or mobile3
Scale Trades Up or Down
Customize your trade size – take your pick between CME’s standard and micro Bitcoin futures products on tastyworks
Trade With Low Commissions
Get exposure to futures at low commission rates – from $1.25/contract for standard futures and $0.85/contract for micro futures4
Go Long or Short
Buy and sell Bitcoin futures contracts to speculate on rising and falling price movements with tastyworks
CHOOSE FROM MULTIPLE ORDER TYPES
Target profits on your Bitcoin futures with limit orders and mitigate downside risk with stop-loss orders
Access Top-notch Support
Reach out to tastyworks’ team of experts – you’ll always have someone excited to help with any questions
Why Trade Bitcoin Futures?
Trading Bitcoin futures offers investors benefits that aren't available when trading Bitcoin cryptocurrency outright:
- You’ll never have to worry about losing your private key
- When you trade bitcoin futures with tastyworks, the fees are upfront and low4
- You have the ability to take a long or short position with Bitcoin futures trading
- You can use limit and stop-loss orders to mitigate potential losses
- Bitcoin futures are regulated by the Commodity Futures Trading Commission (CFTC)
- Bitcoin futures are offered by the CME Futures Exchange
What Bitcoin Futures Products Can I Trade?
You can trade the following Bitcoin futures products with tastyworks:
- CME Bitcoin Futures
- CME Bitcoin Micro Futures
CME Bitcoin futures represent five Bitcoins, while CME Bitcoin micro futures represent 1/10th the size of one Bitcoin.
Trade Bitcoin Futures With Low Fees
At tastyworks, commissions are always low.4 Below are the futures and micro futures tastyworks commission-fees.
|Contract to open||Contract to close|
What Are Bitcoin Futures and How Do They Work?
So, what are Bitcoin futures anyway?
Bitcoin futures, like all futures, are derivative products. This means their value is derived from another, underlying source. In the case of Bitcoin futures, the underlying product is Bitcoin itself.
Some futures products, called “deliverable futures”, are settled via an actual exchange of the underlying product. Silver and oil futures are settled in this manner. Bitcoin futures are “cash settled”. Rather than receiving or providing a set amount of Bitcoin, a trader’s account will either be credited or debited a cash amount based on the difference between the initial position and the settlement price.
In the futures market, a tick represents the minimum price fluctuation. The tick value of a Bitcoin futures contract will depend upon which futures contract you’re trading:
|Tick increment||1 Tick move|
CME’s Standard Bitcoin Futures Contract
CME’s Micro Bitcoin Futures
As we can tell from the differences in the above tick increments, CME’s standard size Bitcoin futures contract is 50x larger than its micro Bitcoin future.
*Remember, CME standard Bitcoin futures represent five Bitcoins, while CME Bitcoin micro futures represent 1/10th the size of one Bitcoin.
How to Trade Bitcoin Futures
To get started trading Bitcoin futures with tastyworks, follow the steps below:3
- Do your research to get an understanding of how Bitcoin futures trading works5
- Create an account or log in
- Choose your preferred Bitcoin futures product
- Create a trading plan and manage your risk
- Open your futures position and monitor it
- Close your position if you want to do so before the contract expires
If you have any questions, reach out to our friendly trade desk support team.
Open a Trading Account
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Trade Bitcoin Futures on the Best Platform
You can trade Bitcoin futures on the tastyworks platform in whichever way is best for you – desktop, browser or mobile.2
TASTYWORKS, INC. IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.