Brazil’s B3 stock exchange will expand its cryptocurrency offerings with Ethereum (ETH) and Solana (SOL) futures contracts on June 16. These new products come after approval from the Brazilian Securities and Exchange Commission (CVM). Unlike Bitcoin Futures, which are traded in Brazilian reais, Ethereum and Solana contracts will be priced in US dollars. This makes them more aligned with global cryptocurrency markets.
The Ethereum contract shall have a size of 0.25 Ethereum, and that of the Solana contract shall be 5 SOL. Both the contracts shall be tied to the Nasdaq Ether Reference Price and Nasdaq Solana Reference Price indices. With the introduction of these futures, B3 is reacting to the increasing need for crypto products. The decision reflects the growing prominence of the use of digital assets in Brazil’s financial landscape.
After Ethereum futures, B3 cuts Bitcoin contract size
Besides the new Ethereum and Solana futures, B3 will also make adjustments to Bitcoin futures. The size of the contract will be cut from 0.1 BTC to 0.01 BTC, a move designed to increase market liquidity. This makes Bitcoin futures even more available to more buyers and sellers, especially with limited capital.
The cut in Bitcoin contract size is expected to make the market more appealing to more players. It is consistent with an international trend towards making available more liquid and accessible crypto products. The move is likely to add more liquidity to B3’s Bitcoin market. It also reinforces B3’s leading place in Brazil’s crypto trading landscape.
Brazil’s B3 adds regulated crypto products
B3 Director of Products Marcos Skistymas stated that the new derivatives in cryptocurrency will provide a secure and regulated method to trade. Investors can have confidence because these products adhere to Brazil’s banking regulations, with additional protective measures compared to the usual in the crypto marketplace.
Furthermore, as blockchain technology goes mainstream, B3 is positioning itself as an innovative provider of financial products. The exchange is striving to respond to the changing needs of investors, presenting them with new methods of managing exposure to assets in the digital space. These actions are an expression of B3’s drive to introduce leading-edge products to the Brazilian economy while guaranteeing security and regulatory adherence.
