BTC

$94506.189

0.16%

ETH

$1806.787

-0.34%

XRP

$2.271

3.58%

BNB

$606.415

-0.39%

News

Brazilian Stock Exchange B3 Launches Crypto Options and Futures Contracts

2 mins mins
Brazilian Stock Exchange B3 Launches Crypto Options and Futures Contracts

Key Points:

  • Brazilian stock exchange B3 plans to launch Bitcoin options and futures contracts for Ether (ETH) and Solana (SOL) by the end of the year.
  • Bitcoin futures on B3 currently see R$5 billion ($860 million) in monthly trading, while Brazilian crypto exchanges recorded R$6.66 billion ($1.13 billion) in total trading volume in January.

Brazilian stock exchange B3 is preparing to expand its cryptocurrency market offerings with the introduction of Bitcoin (BTC) options, as well as futures contracts for Ether (ETH) and Solana (SOL).

Read more: Brazil Stablecoin Withdrawal Ban Targets Self-Custody Wallets 

Brazilian Stock Exchange B3 Expands Cryptocurrency Offerings with New Derivatives

B3 CEO Gilson Finkelsztain confirmed the planned expansion in a statement to local media, emphasizing the exchange’s commitment to diversifying its cryptocurrency-related products. CFO André Milanez also announced at a recent press event that the exchange intends to launch cryptocurrency derivatives before the end of the year.

Bitcoin futures have already been available on B3 since April 2023, generating an average monthly trading volume of R$5 billion (approximately $860 million). The expansion into additional cryptocurrency derivatives comes as digital asset trading gains traction in Brazil.

Institutional Demand Drives B3’s Digital Asset Expansion

Data from market monitor Biscoint shows that traditional cryptocurrency exchanges in the country recorded R$6.66 billion (about $1.13 billion) in total trading volume in the first month of this year.

As a Brazilian stock exchange, B3 provides a range of financial instruments, including equities, bonds, and cryptocurrency exchange-traded products. The move aims to broaden the exchange’s presence in the growing digital asset sector.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Rate this post
Follow us on Google News

B3

Bitcoin

Brazil

Ethereum

Solana

Avatar of John Kojo Kumi

John Kojo Kumi

09 February 2025, 03:31:55 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

Other Posts: