Brazil’s B3 to Launch ETH, SOL Futures on June 16

B3, Brazil’s largest stock exchange, will launch Ethereum (ETH) and Solana (SOL) futures contracts on June 16.

B3’s launch of ETH and SOL futures will bolster the regional crypto market, offering institutional and retail investors regulated access.

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B3, the largest stock exchange in Brazil, is poised to launch futures contracts for Ethereum (ETH) and Solana (SOL). Regulatory approval from Brazil’s Comissão de Valores Mobiliários (CVM) ensures adherence to local laws. Leading the initiative is B3’s Director of Products, Marcos Skistymas, overseeing this strategic rollout in the derivatives market. The new contracts reference the Nasdaq Ether and Solana prices.

B3 is offering new cryptocurrency derivative instruments to meet the growing demand for products linked to crypto assets, bringing more innovation and sophistication to our products, in addition to offering more alternatives to investors familiar with blockchain technology against the price variation of digital assets, in a regulated and secure manner. – Marcos Skistymas

This initiative reflects B3’s commitment to expanding the local market by reducing Bitcoin futures contract size from 0.1 BTC to 0.01 BTC, effectively increasing retail participation.

The launch resonates positively within Brazil’s financial landscape, promising heightened market liquidity and fostering inclusivity for crypto enthusiasts and investors. This move positions B3 as a key player in the Latin American crypto derivatives scene, aiming to align with international benchmarks and facilitate seamless international participation. Historical trends from pioneering derivatives like CME’s BTC futures point to potential increases in institutional trading and possibly influencing market dynamics. With the marketplace evolving, B3’s launch signifies a pivotal moment, driving transparency and coverage for ETH and SOL assets.

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