Brazil’s B3 stock exchange to launch $ETH and $SOL futures in June
The post Brazil’s B3 stock exchange to launch $ETH and $SOL futures in June appeared on BitcoinEthereumNews.com.
The Brazilian Stock Exchange (B3) has announced the launch of ether and Solana futures contracts in order to expand the types of crypto products it offers to investors who are interested in these assets. B3 will launch these new futures on June 16. The Brazilian Securities and Exchange Commission (CVM) has approved the launching of ETH and SOL futures contracts. They are meant to make it easier for institutions to get into the crypto market without having to worry about how to store their assets. This is a problem that small businesses often have. B3 said that the launch of these goods had been planned since February and that the futures contracts should be available by the end of the year. SOL and ETH futures to be traded in US dollar Unlike Bitcoin futures, these contracts will be traded in US dollars at prices of 0.25 ETH and 5 SOL, respectively. They will also be referenced to the Nasdaq Ether Reference Price and Nasdaq Solana Reference Price indices. Marcos Skistymas, product director at B3, said these products were important for the stock market because they give customers “regulated and secure” crypto instruments. He said, “B3 makes new cryptocurrency derivatives instruments available 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.” Also, the stock exchange announced a drop in Bitcoin futures contract prices, which the CVM had previously approved. Prices for these contracts, which are now at 0.1 BTC, will be decreased to 0.01 BTC. This will make them more accessible to investors, boost market liquidity, and lower trading costs. This comes after the recent rise in Bitcoin’s price which is back to the 100k level. Now, with the…
Filed under: News - @ May 9, 2025 4:27 pm