CME Group is expanding its Basis Trade at Index Close functionality to Bitcoin futures, providing institutional traders with a structured tool to manage basis risk as contracts approach expiration. Three regional sessions are available with distinct reference rates: London (BTB), New York (BNB), and APAC (ABB). The minimum price increment is 1 dollar per Bitcoin and block trades require a minimum of 5 contracts. This approach, already used for equity index futures, signals the growing maturity of crypto derivatives products in the institutional market.
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