Brazil's largest stock exchange uses the crypto boom with new appointment products
The most important stock exchange of Brazil, B3, takes a brave step towards digital assets with the impending introduction of Ethereum and Solana Futures Contracts.
The new instruments, which are to be introduced on June 16, aim to satisfy the growing demand from investors for regulated engagements in cryptoma markets.
These derivatives have been approved by the Brazilian security supervisory authority (CVM) and are part of the strategy of B3 to connect traditional financial products with blockchain-based products.
Each contract is rated in US dollars with units of 0.25 ETH and 5 SOL to reflect global standards and to meet both institutional and private dealers.
The product director of the stock exchange, Marcos Skistymas, said the initiative should diversify the offer and address investors who are already active in the area of digital assets.
In addition to the introduction of ETH and SOL FUTURES, B3 also adapts its Bitcoin futures product and reduces the nominal value from 0.1 BTC to 0.01 BTC to reduce the entry hurdles and improve liquidity.
In view of the increasing acceptance of cryptocurrencies in Brazil, the recent introduction of B3 reflects the endeavor to make trading with derivatives more inclusive and at the same time maintain regulatory safety precautions.
