Brazil’s B3 Stock Exchange to Launch New Bitcoin (BTC) Options and Futures Contracts in 2023

The Brazilian Stock Exchange, known as B3, is set to significantly enhance its offerings in the cryptocurrency space by introducing new Bitcoin (BTC) options alongside Ethereum (ETH) and Solana (SOL) futures contracts. According to B3’s CEO, Gilson Finkelsztain, these innovative financial products are projected to be launched within the current year, reflecting the growing appetite for digital assets among institutional and retail investors alike. As reported by Valor Investe, B3 initially rolled out its Bitcoin futures contracts in April of the previous year, which have since garnered impressive traction, with monthly trading volumes averaging around 5 billion Brazilian reals, equivalent to approximately 860 million US dollars.

Moreover, data from the Brazilian cryptocurrency analytics platform Biscoint reveals that traditional cryptocurrency exchanges reported a total trading volume of 6.66 billion Brazilian reals, or roughly 1.13 billion US dollars, in January alone. With B3 positioning itself as a key player in Brazil’s cryptocurrency market, it endeavors to create an expansive suite of digital trading options, complementing its existing catalog of stocks, bonds, and various financial instruments.