Key Points:

• Brazilian stock exchange B3 plans to launch Bitcoin options and futures contracts for Ether (ETH) and Solana (SOL) by the end of the year.
• Bitcoin futures on B3 currently see R$5 billion ($860 million) in monthly trading, while Brazilian crypto exchanges recorded R$6.66 billion ($1.13 billion) in total trading volume in January.

Brazilian stock exchange B3 is preparing to expand its cryptocurrency market offerings with the introduction of Bitcoin (BTC) options, as well as futures contracts for Ether (ETH) and Solana (SOL).

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Brazilian Stock Exchange B3 Expands Cryptocurrency Offerings with New Derivatives

B3 CEO Gilson Finkelsztain confirmed the planned expansion in a statement to local media, emphasizing the exchange's commitment to diversifying its cryptocurrency-related products. CFO André Milanez also announced at a recent press event that the exchange intends to launch cryptocurrency derivatives before the end of the year.

Bitcoin futures have already been available on B3 since April 2023, generating an average monthly trading volume of R$5 billion (approximately $860 million). The expansion into additional cryptocurrency derivatives comes as digital asset trading gains traction in Brazil.

Institutional Demand Drives B3’s Digital Asset Expansion

Data from market monitor Biscoint shows that traditional cryptocurrency exchanges in the country recorded R$6.66 billion (about $1.13 billion) in total trading volume in the first month of this year.

As a Brazilian stock exchange, B3 provides a range of financial instruments, including equities, bonds, and cryptocurrency exchange-traded products. The move aims to broaden the exchange’s presence in the growing digital asset sector.