The Brazilian stock exchange B3 launched Ethereum and Solana futures. The Brazilian SEC, the CVM, also approved them.
So, let’s take a closer looks at these Ethereum and Solana futures contracts at B3.
The B3 stock exchange in Brazil announced Ethereum and Solana futures contracts. This opens new investment opportunities and options for institutions in Brazil. In April, B3 already started offering $XRP ETFs. All this diversifies B3’s offerings in crypto products.
The two futures contracts are already approved by the Brazilian SEC or CVM. Futures contracts give institutions exposure to crypto assets. However, without having to deal with their custody. That’s like ETFs. This is an important consideration for institutions. Especially smaller firms may refer this option.
Instead of holding the assets in their own custody, they buy shares from the asset provider. In this case, the Brazilian stock exchange B3. They hold the underlying asset and take care of custody. The institutions only have to buy shares into the funds.
At the same time, B3 can offer regulated and secure crypto assets to its customers. Especially considering that the CVM has approved the Ethereum and Solana futures. B3 sees a growing demand for these products. Now they can also fill this demand.
The Ethereum and Solana futures will be traded in USD. This in contrast to Bitcoin futures. Their prices will be price of 0.25 $ETH for the Ethereum futures. The $SOL futures will be 5 SOL.
In light of the recent $BTC price development, B3 reduced the price of Bitcoin futures. The price was 0.1 $BTC. However, it’s now reduced to 0.01 $BTC. This should increase liquidity and make them more accessible. The CVM already approved this price reduction for the Bitcoin futures.
Furthermore, B3 revealed that they are working on two more products since February. You can expect these products to hit the market by the end of the year. However, B3 didn’t reveal what these other two products are.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
Copyright Altcoin Buzz Pte Ltd.
Casper Network is betting big on EVM support, AI payments, and quantum-safe blockchain infrastructure with its new multi-year roadmap.
Microsoft's bet on Space and Time is starting to pay off with the launch of Dreamspace, a no code app builder
Worldcoin's World ID is now live and updated. It's out to prove you are human when on the web instead of dealing with a bot.
Brazil’s stock exchange B3 will launch Ethereum (ETH) and Solana (SOL) futures contracts on June 16, following approval by securities regulator CVM. Contracts will be USD-denominated, sized at 0.25 ETH and 5 SOL. To boost liquidity, Bitcoin futures contract size will be reduced Show more
