Brazil's B3 Stock Exchange Announces the Launch of Forward Contracts for Two Major Altcoins! Here are the Details

Brazil's leading exchange B3 announced that Ethereum (ETH) and Solana (SOL) futures contracts will soon be launched, indicating a significant expansion in cryptocurrency offerings.

Brazil's B3 Exchange Will Launch Ethereum and Solana Futures on June 16

New crypto derivatives aimed at providing regulated, secure, and diversified risk for institutional and individual investors in Brazil will be available starting June 16.

These futures contracts, approved by the Brazilian Securities and Exchange Commission (CVM), are part of a broader strategy to enhance the accessibility of B3 and address the long-standing challenges related to the custody of digital assets, particularly for smaller financial institutions.

Ethereum and Solana futures contracts will be denominated in US dollars, and each contract will represent 0.25 ETH and 5 SOL respectively. This design reflects B3's intention to provide Brazilian investors with a suitable and secure gateway to the broader crypto market while reflecting global standards.

B3 Product Director Marcos Skistymas stated, "B3 is introducing new cryptocurrency derivative instruments to meet the growing demand for products related to crypto assets. While bringing more innovation and complexity to our portfolio, we aim to provide alternatives to investors who are already familiar with blockchain technology."

In addition to the launch of new futures contracts, B3 also announced a reduction in the contract size for existing Bitcoin (BTC) futures.

Starting from June, the nominal value of these contracts will be reduced from 0.1 BTC to 0.01 BTC, and it will be a move designed to make the product more accessible amid the recent price increase of Bitcoin and to enhance liquidity in the market.

It is expected that the change currently approved by the CVM will encourage broader participation from smaller investors and trading firms that want to gain exposure to crypto, especially without direct asset ownership.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments