Breaking News! On June 16, Brazil's largest exchange B3 enters the market with Ethereum and Solana futures, stirring up the crypto market again.
Brazil's securities regulator CVM has approved Brazil's stock exchange B3 (the largest exchange operator in Latin America) to launch Ethereum and Solana futures contracts on June 16, 2025. These contracts are settled in USD, with Ethereum futures at 0.25 units and Solana futures at 5 units, both linked to the Nasdaq index.
In addition, to enhance retail access and market liquidity, B3 will reduce the Bitcoin futures contract size from the original standard to 0.01 BTC. B3 launched Bitcoin futures priced in Brazilian Reais in April 2024, and this adjustment will further optimize market participation.
B3's product director Marcos Skistymas pointed out that SOL and ETH futures ETFs reflect investors' demand for exposure to smart and secure digital assets. B3 is committed to providing compliant products that align with blockchain innovation and global market needs.
Previously, B3 launched the first spot XRP ETF, with 95% of its assets related to the native Ripple coin. The newly launched Ethereum and Solana futures contracts are expected to attract institutional trading desks and seasoned individual traders seeking USD-denominated crypto exposure in South America's largest economy. Unlike offshore commodities, B3 contracts are listed on the exchange, supervised by CVM, and linked to reliable price sources, providing legal crypto derivatives options for Latin American investors.
