- Investors in Brazil welcome derivatives offerings for Bitcoin, Ethereum, and Solana.
- The LATAM countries have crypto investment products, proving a ready market for the new BTC products.
B3, a leading Brazilian stock exchange, is launching crypto derivatives to take the digital market by storm. B3’s crypto derivatives will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
B3 Expanding its Crypto Derivatives Offerings
As revealed in local news media, Valor Investe, B3’s CFO Andre Milanez, said the derivative products could launch at the end of 2025. B3 plans to introduce Bitcoin options and futures contracts for Ethereum and Solana, aiming to expand products in the sector.
This expansion will see retail and institutional investors gain exposure to Ethereum and Solana via futures contracts tied to both tokens. Intriguingly, the stock exchange launched a Bitcoin futures contract in April 2024. Since launching, this product has attracted an average monthly volume of R$5 billion ($860 million), emphasizing its widespread adoption.
It also reflects a growing retail and institutional interest in crypto-related products among Brazilian investors. Leveraging this fast growth for its crypto products, B3 seeks to launch Bitcoin options and futures contracts for Ethereum and Solana this year.
Futures contracts are particularly important for long-term investors holding large amounts of cryptocurrency. Thus, B3’s futures contracts with Ethereum and Solana will allow investors to hedge against adverse price movements. They can lock in prices and protect their investments from short-term volatility.
B3, created following a 2017 merger between CETIP and BM&FBOVESPA, is currently rated as one of the major stock exchanges in Brazil. The trading platform offers a variety of financial instruments, ranging from equities and bonds to crypto.
In March 2024, leading asset management firm BlackRock made its foray into the Brazilian market in collaboration with B3. As detailed in CNF’s news piece, BlackRock launched its flagship Bitcoin Exchange-Traded Fund (ETF), dubbed IBIT on B3. This product offers retail and institutional investors indirect exposure to Bitcoin’s price movements.
Brazil’s Crypto Expansion Initiatives
The launch of IBIT on B3 proves that Brazil is at the forefront of regulated crypto investments. Following the IBIT launch, the Brazilian Securities and Exchange Commission (CVM) approved the first Solana-based spot ETF.
As mentioned in our previous news brief, Theodore Fleury, QR Asset’s manager, explained that the ETF can improve the quality of investments and diversification for Brazilian investors.
Meanwhile, Binance recently gained approvals from Brazil’s Central Bank, strengthening its position. Binance, the large crypto exchange by trading volume, secured approval to acquire Sim;paul, a regulated broker-dealer. As CNF discussed earlier, this acquisition makes Binance the first crypto exchange in Brazil to acquire a broker license.
Furthermore, Brazilians’ growing interest in crypto in recent times is reflected in the surge in trading volume on crypto exchanges. Per data from biscoint.io, crypto exchanges in Brazil, including Binance and Bybit, recorded a total volume of $1.13 billion in January 2025.
