Brazil’s B3 Stock Exchange Expands Crypto Offerings with Ethereum Futures

• B3 announces expansion into Ethereum futures and additional crypto options following a successful Crypto ETFs meeting in Brazil.
• Felipe Gonçalves emphasizes the importance of educational initiatives to attract more investors and expand market potential.
• Daily transactions of crypto ETFs at B3 average R$50 million, with the total value of ETFs exceeding R$5 billion.

Brazil’s B3 Stock Exchange is expanding its cryptocurrency offerings to include Ethereum futures and various crypto options. This development follows the first Crypto ETFs meeting in Brazil, signaling the emergence of a structured market for digital assets.

Felipe Gonçalves, Head of Product Strategy at B3, emphasized the importance of educational initiatives to attract additional investors and leverage the existing market infrastructure. Gonçalves noted: 

“The foundation for liquidity and market-making is already strong, but there is significant potential for growth.”

Having successfully launched Bitcoin futures, B3 is now focusing on Ethereum, engaging both clients and internal teams to refine its financial products. This strategy aims to attract substantial institutional investments by bolstering safety in the options market.

Gonçalves, confident in the long-term viability of these investments, highlighted the thriving nature of crypto ETFs within the platform. “Daily transactions in these ETFs average around R$50 million, with peaks sometimes exceeding R$200 million,” he shared. The total valuation of these ETFs has surpassed R$5 billion, held by over 180,000 investors, including a significant number of institutional participants.

The successful introduction of a Bitcoin futures contract has been instrumental in B3’s expanded offerings, further solidifying its role in the crypto sector. As Brazil experiences a shift in investment trends, the success of these ETFs and the introduction of new asset classes reflect the changing financial landscape in one of Latin America’s central countries.

According to a recent report by research firm Kaiko, stablecoins have overtaken Bitcoin in popularity among cryptocurrency users in Latin America. This shift was observed across seven key exchanges, indicating a regional trend towards favoring more stable digital currencies.

The report reveals that on three of the exchanges, stablecoins are among the top three most traded assets against Latin American fiat currencies. Binance, which accounts for nearly half of the region’s crypto transactions, has witnessed a marked preference among its users for trading in stablecoins.

The report reveals that on three of these exchanges, stablecoins rank among the top three most traded assets against Latin American fiat currencies. Binance, accounting for nearly half of the region’s crypto transactions, has seen a marked preference among its users for trading in stablecoins.