At the time of expiration, contracts are settled, and the holder receives the value of the contract in Bitcoin or cash, depending on the nature of the underlying trading product and the current Bitcoin market price. Contract holders of Bitcoin futures that are settled in cash receive cash, while those settled in Bitcoin receive Bitcoin.
Bitcoin futures can be traded on several different cryptocurrency exchanges. Futures contracts for bitcoin can be bought and sold on various significant exchanges. Bitcoin futures with cash settlement and options on those futures are available through the Chicago Mercantile Exchange (CME).