
A Nano Bitcoin Perpetual Futures Contract is a smaller-sized Bitcoin futures contract that provides continuous price exposure without a fixed expiration date. Unlike traditional Bitcoin futures that settle on a specific date, perpetual style futures remain open as long as margin requirements are met. The nano contract size reduces notional exposure, allowing traders to manage risk more precisely while trading Bitcoin on margin.
Nano BTC Perp Style Futures
Coinbase
1/100th of Bitcoin
Friday 6:00 PM – Friday 5:00 PM ET with a weekly one hour break each Friday
$5 per Bitcoin = $0.05
None
USD – Settled Index Future
Coinbase margins are based off a 3:00 p.m. CT settlement price established by Coinbase.
For example:
Nano Bitcoin Perp Style Futures (BIP)
Contract Size – 0.01 Bitcoin
BIP – Friday’s Dec. 2030 Contract Settlement Price: $70,080
Long (Buy) is 19.6918%
Short (Short) is 24.5434%
0.01 x $70,080 x 19.6918% = $138 (Exchanges round up to $140.00)
The primary ticker symbol for these contracts is BIP. This symbol represents the Coinbase Derivatives Nano Bitcoin contract, which is a cash-settled instrument designed for retail capital efficiency.
Perpetual-style futures are futures contracts designed to track the price of an underlying asset without expiring on a set date.
Instead of expiring, these contracts use daily settlement and price adjustment mechanisms to maintain alignment with the spot market. This allows traders to maintain positions longer term while still operating within a regulated futures framework.
No, it’s a 5-year long-dated contract, effectively removing the need for monthly rolls.
No, Friday 6:00 PM – Friday 5:00 PM ET with a weekly one hour break each Friday
Standard Bitcoin futures contracts expire on a set date, requiring traders to roll positions forward if they want continued exposure. Nano Bitcoin perpetual futures do not expire, using daily settlement adjustments instead. They also feature smaller contract sizes, which can reduce capital requirements and position risk.
Yes. Nano Bitcoin perpetual futures are CFTC-regulated futures contracts traded on a regulated U.S. derivatives exchange. Clearing is handled through an approved clearing organization, helping ensure transparency, risk management, and regulatory oversight.
Nano Bitcoin perpetual futures are designed for traders seeking Bitcoin price exposure with smaller contract sizes. They may appeal to active traders, hedgers, and market participants who want flexibility without fixed expiration dates, while still operating within a regulated futures environment.
No. Nano Bitcoin perpetual futures are cash-settled. Profits and losses are settled in U.S. dollars rather than physical Bitcoin, eliminating the need to hold or transfer the underlying asset.
Traders access Nano Bitcoin perpetual futures through a futures brokerage that provides connectivity to regulated derivatives exchanges. Margin, fees, and platform access vary by broker, so traders should review all product specifications and disclosures before trading.
Trading Nano Bitcoin perpetual futures involves market risk, leverage risk, and the possibility of losing more than the initial margin posted. Price volatility can lead to rapid gains or losses. Futures trading is not suitable for all investors and should be approached with proper risk management.
Speak with our experienced futures brokers at 312-500-4730 to discuss how we can service your futures trading needs.