The new futures contracts for ethereum (ETH) and solana (SOL) began trading on B3, the Brazilian stock exchange, this Monday (16).
According to the statement sent to the press, the new futures contracts will be quoted in dollars, referenced to the Nasdaq Ether Reference Price and Nasdaq Solana Reference Price.
Thus, the ethereum contract will have a size of 0.25 ETH (equivalent to $650 or R$3,575), while the size of the solana contract is 5 SOL (about $775 or R$4,262). The cryptocurrency values were taken from Coin Market Cap, around 10:30 AM this Monday.
Still according to B3, the financial results of transactions occur based on the variation of cryptocurrency prices. The expiration of new derivatives occurs on the last Friday of each month, and the trading hours for the new derivatives will be from 9 AM to 6:30 PM.
"With the enormous success already achieved in the bitcoin (BTC) contract, which trades around $4 billion a day on B3, we continue to expand our crypto product offering with the arrival of ethereum and solana futures," says Luiz Masagão, Vice President of Products and Clients at B3.
The contracts will have market makers from the launch, agents who trade the product and help bring liquidity and reliability to price formation.
Change in the size of the bitcoin futures contract on B3.
Recently, CVM approved the reduction of the bitcoin futures contract size by ten times.
Digital dollar.
JP Morgan registers the JPMD brand and the market speculates about a possible stablecoin.
Thus, starting today, the Bitcoin Future contract will be worth 0.01 bitcoin (about $1,000 or R$6,000). The goal of the reduction is to make the product more accessible and facilitate the entry of a larger number of investors, says B3.
In addition, reducing the size of the contract can increase the product's liquidity and reduce trading costs.
Another novelty is that since the 8th of last month, investors from the United States have gained access to two new products listed on B3: the bitcoin futures and the Bitcoin Future Roll.
How to trade ethereum, solana, and bitcoin futures.
Ethereum futures contracts in a regulated environment.
In this market, the investor commits to buying or selling an asset at a future date, with a pre-determined price, according to their risk profile and strategy.
Futures contracts undergo daily adjustments based on price fluctuations during the trading session. The expiration of the contracts occurs on the last Friday of each month, allowing investors to develop strategies with varying timeframes.
Thus, the futures market is a tool that allows investors to protect themselves against price fluctuations of assets, such as currencies, stocks, and commodities. The contracts are traded on exchanges, with B3 acting as a central counterparty, providing security in transactions.
These contracts can be used both for hedge (protection), mitigating price fluctuation risks, and for profit strategies through short-term speculation. In addition, futures derivatives allow investors to track price variations without the need for a large initial investment.
