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Cryptocurrency News Articles

B3 Exchange Plans to Introduce Bitcoin Options and Futures Contracts for Ethereum and Solana

Feb 10, 2025 at 06:12 pm

Leading Brazilian stock exchange B3 plans to increase its offerings by introducing three new crypto-related products for Bitcoin, Ethereum, and Solana.

B3 Exchange Plans to Introduce Bitcoin Options and Futures Contracts for Ethereum and Solana

Major Brazilian stock exchange B3 is set to introduce three new crypto-related products, expanding its offerings beyond Bitcoin.

According to Valor Investe, B3 plans to introduce Bitcoin options and two futures contracts for two major crypto assets, Ethereum and Solana. Speaking to local media over the weekend, B3’s CFO Andre Milanez said that these derivative products could launch by the end of this year.

Currently, B3 offers retail and institutional investors exposure to crypto through futures contracts tied to the leading digital currency, Bitcoin. However, with the upcoming listing, the stock exchange will expand its crypto offerings to include Ethereum and Solana.

This move comes after the successful launch of Bitcoin futures contracts on B3 in April 2024. Since its debut, the futures contracts have gained massive adoption, attracting an average volume of R$5 billion ($860 million) monthly.

This strong performance and growing interest in crypto-related products prompted B3 to launch Bitcoin options and futures contracts for Ethereum and Solana this year.

B3 is a major stock exchange in Brazil, and the trading platform offers a diverse range of financial instruments, including equities, bonds, and crypto. In 2024, the world’s largest asset manager, BlackRock, launched its spot-based Ethereum exchange-traded fund (ETF) on B3.

The product, dubbed ETHA39, provides retail and institutional investors with indirect exposure to Ethereum’s price movements. As reported earlier, shares of the ETF started trading at between R$40 to R$50, with the issuer waiving the 0.25% management fee for the first year.

This move came after BlackRock launched its spot Bitcoin ETF on B3 under the ticker IBIT39. Meanwhile, Brazil’s financial regulator, Comissão de Valores Mobiliários (CVM), also approved the launch of two Solana ETFs.

Moreover, Brazilians have shown strong interest in crypto in recent times, which is evident in the surge in trading volume on crypto exchanges. According to data from biscoint.io, crypto exchanges in Brazil, including Binance and Bybit, recorded a total volume of $1.13 billion in January 2025.

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Other articles published on Feb 11, 2025