What Are the Key Standardized Features of a Bitcoin Futures Contract?
Key standardized features include the contract size, which is a specified amount of Bitcoin (e.g. 5 BTC), the expiration date (e.g. last Friday of the contract month), and the minimum price fluctuation (tick size).
They also specify the settlement method, which is often cash-settled based on a reference rate from multiple exchanges. These features ensure fungibility and liquidity.