Summary
- The Brazil Stock Exchange B3 announced that it plans to launch Ethereum and Solana-based futures contracts on the 16th.
- These futures products will be traded in US dollars at 0.25 ETH and 5 SOL per contract, with approval from the Brazilian Securities Commission (CVM).
- The Director of Products at B3 emphasized that they are providing investors with regulated and secure crypto tools and expanding their options.
The Brazil Stock Exchange (B3) plans to launch futures contracts based on Ethereum (ETH) and Solana (SOL) on the 16th of next month.
According to Bitcoin.com, a cryptocurrency-focused media outlet, these futures products will be introduced with the approval of the Brazilian Securities Commission (CVM) and will be traded in US dollars at 0.25 ETH and 5 SOL per contract.
Marcos Skystimas, Director of Products at B3, stated, "We aim to provide our clients with regulated and secure crypto tools," adding, "We are offering more diverse options to investors familiar with blockchain technology."
Meanwhile, B3 listed Brazil's first Ripple (XRP)-based Exchange-Traded Fund (ETF) last April.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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