B3 launches options on 3 crypto futures, expanding Brazil derivatives

Brazil's B3 exchange introduced options on Bitcoin, Ether, and Solana futures on July 6, expanding regulated crypto derivatives in Latin America's largest economy.

"These options give local traders and asset managers a regulated venue to hedge crypto exposure and trade volatility without using offshore markets," a B3 spokesperson said in a circular announcing the launch.

The contracts include calls and puts on bitcoin futures denominated in Brazilian reais, while ether and solana futures options trade in US dollars. All three reference Nasdaq crypto indexes. Trading runs from 9 a.m. to 6:30 p.m. local time, with automatic exercise at expiration for in-the-money options unless the holder blocks exercise. The options settle into underlying futures contracts rather than spot tokens, involving no custody, transfer, or administration of cryptoassets.

The launch adds to B3's push into regulated crypto products after the exchange listed bitcoin options and ether and solana futures in February 2025, followed by bitcoin-linked event contracts in April. B3, Latin America's biggest exchange by market capitalization, now offers a full suite of crypto derivatives that compete with offshore platforms on regulatory clarity while providing local settlement in reais and dollars. The dual-currency structure — reais for bitcoin, dollars for ether and solana — reflects B3's strategy to attract both domestic institutional investors and international liquidity.

This article is for informational purposes only and does not constitute investment advice.