B3 Stock Exchange to Launch Ethereum and Solana Futures Contracts on June 16

The Brazilian Securities and Exchange Commission (CVM) has approved the launch of Ethereum and Solana futures contracts by B3

The Brazilian Securities and Exchange Commission (CVM) has approved the launch of Ethereum and Solana futures contracts by B3, the country’s main stock exchange.

The products will launch on June 16, marking a significant step forward in Brazil’s embrace of crypto asset derivatives.

This expansion follows B3’s earlier introduction of Bitcoin futures in 2023. Now, investors will have access to a broader range of regulated crypto derivatives through the traditional financial system.

Brazil’s B3 Stock Exchange Set to Roll Out #ETH and #SOL Futures on June 16, Pending Approval.

The post Brazil’s CVM Approves Addition of ETH and SOL Futures to B3, BTC Futures Contract Size Reduced Tenfold appeared first on The Crypto Basic.

Coins "Payoff" in U.S. Dollar, Linked to Nasdaq Indices

Unlike Bitcoin futures which are traded in Brazilian reais, the new Ethereum and Solana futures will be priced in U.S. dollars. The pricing will be linked to the Nasdaq Ether Reference Price and Nasdaq Solana Reference Price, providing globally recognized benchmarks for the crypto assets.

Each Ethereum futures contract will represent 0.25 ETH, while Solana contracts will be sized at 5 SOL. These instruments will settle financially based on price movement, with monthly expirations on the last Friday of each month.

Bitcoin Futures Contract Size Cut by 90%

Meanwhile, to broaden retail access, the CVM also approved a tenfold reduction in the Bitcoin futures contract size. Starting June 16, each contract will represent 0.01 BTC instead of 0.1 BTC. This brings the notional value down to roughly R$5,300, from the previous R$53,000, a 90% reduction.

The goal is to increase market participation and liquidity while reducing the costs of trading large contracts. Regarding accessibility, the change aligns the Bitcoin product more closely with the newly launched Ethereum and Solana futures.

Beyond futures contracts for Bitcoin and Ethereum, B3 is also offering exchange-traded products related to crypto assets. Among the most recent introductions is the Hashdex spot XRP ETF.

B3 Expands Offerings as Investor Demand for Crypto Rises

According to B3’s Director of Products, Marcos Skistymas, the move reflects a growing demand from investors for exposure to crypto assets in a safe and regulated manner.

“We are constantly expanding the range of products and services offered by B3 to meet the evolving needs of investors. In this case, we are introducing more advanced financial instruments and broadening the choices for those who wish to follow the price movements of crypto assets.”