Bitcoin Options Get Cheaper Trades with New Penny Increments
Published Date: 10/3/2025
Notice
Summary
Cboe Exchange is changing the smallest price steps for Mini Bitcoin U.S. ETF options to make trading easier and more precise. If the option price is under $3, the minimum change will be just 1 cent; if $3 or more, it’ll be 5 cents. This update helps traders, especially everyday investors, get better prices and should kick in soon after approval.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Penny/Nickel Steps for Mini-Bitcoin Options
If you trade Cboe Mini Bitcoin U.S. ETF (MBTX) options, the Exchange proposes the minimum price change (tick) to be $0.01 for option series trading below $3.00 and $0.05 for series trading at $3.00 or higher. The Exchange says the finer increments should increase the number of price points, help narrow bid-ask spreads, and improve liquidity for retail and other investors.
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