Brazilian exchange B3 expands access to cryptocurrency instruments

Brazil’s stock exchange, B3, has begun trading US dollar-settled Ethereum (ETH) and Solana (SOL) futures contracts, using Nasdaq index prices as a reference. This innovation allows investors to profit from cryptocurrencies price fluctuations without directly owning the assets. The exchange had previously introduced similar Bitcoin-based products, which now see a daily trading volume of $4 billion.

The new ETH and SOL contracts are designed to be more accessible. Each contract represents 0.25 ETH or 5 SOL, lowering the entry barrier for retail investors who wish to participate without committing large sums.

Additionally, B3 has reduced the size of its Bitcoin futures contracts tenfold. Now equivalent to 0.01 BTC. This move aims to attract a broader range of market participants, including international investors. The change was approved by Brazil’s Securities and Exchange Commission (CVM) and took effect on June 16.

The expansion of the product lineup reflects the growing interest in cryptocurrencies in Brazil. The exchange intends to strengthen the country's position as a key player in Latin America by offering tools that combine accessibility and regulation.