Key facts
- Brazil's B3 exchange introduced options on bitcoin, ether, and solana futures on July 6.
- The new options settle into underlying futures contracts, not spot cryptoassets.
- This move offers a regulated venue for local traders to hedge crypto exposure and trade volatility.
- Bitcoin futures are denominated in Brazilian reais, while ether and solana futures are in U.S. dollars.
- All three reference Nasdaq crypto indexes.
Brazil's B3 exchange has expanded its regulated cryptocurrency derivatives offerings by introducing options on bitcoin, ether, and solana futures. These new contracts became available for trading on July 6.
The options are designed to settle into the underlying futures contracts rather than the spot cryptoassets themselves, meaning they do not involve the custody, transfer, or administration of tokens. This structure provides local traders and asset managers with a regulated venue to hedge their cryptocurrency exposure and trade volatility without needing to rely on offshore markets.
The bitcoin futures options are denominated in Brazilian reais, while the ether and solana futures options are denominated in U.S. dollars. All three reference Nasdaq crypto indexes. The contracts trade independently from 9 a.m. to 6:30 p.m. local time, with automatic exercise at expiration if the option finishes in the money, unless the holder blocks it.