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CME's standard bitcoin futures contract has a unit of five bitcoin, but it is financially settled: expiry does not deliver five BTC to the holder.
CME's standard bitcoin futures contract has a unit of five bitcoin, but it is financially settled: expiry does not deliver five BTC to the holder. Final settlement uses the CME CF Bitcoin Reference Rate, a daily U.S.-dollar benchmark calculated from a defined window of spot-exchange trades. A live spot quote and a futures quote are therefore different observations; compare their timestamps, contract month and benchmark before reading a gap as a market signal. This is market-structure context, not a trade call.
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Content on this site, in the email and on the Telegram channel is for information and education only and is not investment or financial advice. Crypto prices are highly volatile. Leveraged and futures trading can lose more than your margin. We do not sell or guarantee signals.