Brazilian Stock Exchange B3 to Launch Bitcoin Futures Within Six Months
The firm is building an infrastructure to offer crypto market access to end users, CFO Andr? Milanez said on Monday.Read MoreFeedzy
This article is adapted from CoinDesk Brasil, a partnership between CoinDesk and InfoMoney, one of Brazil’s leading financial news publications. Follow CoinDesk Brasil on Twitter.
Brazil’s only stock exchange, B3, plans to launch bitcoin (BTC) futures “in the next three to six months,” Chief Financial Officer Andr? Milanez said during a conference call on Monday.
The exchange is currently building the infrastructure to offer crypto market access to end users Milanez added.
B3 information technology director Jochen Mielke de Lima said in January the exchange planned to offer both bitcoin and ether (ETH) futures sometime in 2022/2023.
“It is natural for us to expand into the unregulated world of cryptocurrencies,” said B3 President Gilson Finkelsztain in December, adding that the company planned to offer crypto services to traders, as opposed to being a crypto exchange.
At the moment B3 offers exposure to crypto exchange-traded funds (ETF) listed in the Brazilian regulated market, Equities Manager Marielle Brugnari said recently. Currently, 10 crypto ETFs are available in Brazil.
This article was translated by Andr?s Engler, and edited by CoinDesk. The original Portuguese can be found here.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Recent Posts
JD Vance Says “Bitcoin Finally Has a Champion in the White House”
Bitcoin Magazine JD Vance Says “Bitcoin Finally Has a Champion in the White House” In…
Bitcoin Platform Mezo Debuts Mainnet to Build Circular BTC Economy
Blockchain venture studio Thesis, which is backed by Pantera Capital and Hack VC, has debuted…
Human Rights Foundation Donates 800 Million Satoshis To 22 Worldwide Bitcoin And Freedom Projects
Bitcoin Magazine Human Rights Foundation Donates 800 Million Satoshis To 22 Worldwide Bitcoin And Freedom…
Bitcoin Pulls Back to $107K, but NYDIG Analysis Suggests Market Far From Overheated
Wednesday morning U.S. hours saw a modest acceleration in crypto's pullback from the recent big…
Bitcoin Hits New Heights: Analyst Predicts Next Peak By Late 2025
As Bitcoin (BTC) continues to capture investor enthusiasm, recently reaching a new all-time high of…
Crypto Daybook Americas: Bitcoin Dominance Tops 64% While Options Indicate Bullish Tilt
By James Van Straten (All times ET unless indicated otherwise) Since May 22, bitcoin (BTC)…