From coindesk By Francisco Rodrigues| Edited by Aoyon Ashraf
What to know:
- B3's CEO confirmed to local media that bitcoin options are coming to the exchange, as are ether and Solana futures contracts.
- The platform is Brazil's main stock exchange and has been seeing $860 million in monthly trading volume on bitcoin futures.
Brazilian stock exchange B3 is set to expand its cryptocurrency offerings with the introduction of bitcoin (BTC) options and futures contracts for ether (ETH) and solana (SOL).
The expanded offerings are set to come sometime this year, the exchange’s CEO Gilson Finkelsztain told local media. Bitcoin futures contracts were added to the exchange in April of last year and have been seeing R$5 billion (around $860 million) in trading volume per month, according to local news outlet Valor Investe.
In comparison, according to Brazilian cryptocurrency market monitor Biscoint, traditional cryptocurrency exchanges saw a total trading volume of R$6.66 billion (roughly $1.13 billion) in the first month of the year.
B3 is Brazil’s main stock exchange where dozens of cryptocurrency exchange-traded products are listed along with equities, bonds, and other financial products.
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