Brazilian inventory alternate B3 is about to develop its cryptocurrency choices with the introduction of bitcoin (BTC) choices and futures contracts for ether (ETH) and solana (SOL).
The expanded choices are set to return someday this 12 months, the alternate’s CEO Gilson Finkelsztain advised native media. Bitcoin futures contracts have been added to the alternate in April of final 12 months and have been seeing R$5 billion (round $860 million) in buying and selling quantity per thirty days, in keeping with native information outlet Valor Investe.
Compared, in keeping with Brazilian cryptocurrency market monitor Biscoint, conventional cryptocurrency exchanges noticed a complete buying and selling quantity of R$6.66 billion (roughly $1.13 billion) within the first month of the 12 months.
B3 is Brazil’s essential inventory alternate the place dozens of cryptocurrency exchange-traded merchandise are listed together with equities, bonds, and different monetary merchandise.
