Summary
- Brazil's B3 exchange has introduced options on bitcoin, ether, and solana futures on July 6, expanding its regulated crypto derivatives offerings.
- These options settle into underlying futures contracts rather than spot cryptoassets, involving no custody, transfer, or administration of tokens.
- The offering provides local traders and asset managers with a regulated venue to hedge crypto exposure and trade volatility without using offshore markets.
Brazil's B3 stock exchange has unveiled options on bitcoin BTC$62,727.04, ether (ETH) and solana (SOL) futures, expanding its regulated crypto derivatives offerings.
The contracts bec+ame available for trading on July 6, according to a B3 circular. They include call and put options on bitcoin futures denominated in Brazilian reais, while ether and solana futures are denominated in U.S. dollars.
The options settle into the underlying futures contracts, not the tokens themselves. B3 said the products do not involve custody, transfer or administration of spot cryptoassets.
The contracts trade independently from 9 a.m. to 6:30 p.m. local time, according to B3's derivatives trading schedule. Exercise is automatic at expiration when the option finishes in the money, unless the holder blocks exercise.
The offering gives traders and asset managers a local venue to hedge crypto exposure, trade volatility and build structured positions without using offshore crypto options markets.
It adds another instrument to B3's push into regulated crypto products, after the exchange moved to list bitcoin options and ether and solana futures and later prepared bitcoin-linked event contracts.
B3's bitcoin futures contract is denominated in reais. Its ether and solana futures are denominated in U.S. dollars. All three reference Nasdaq crypto indexes, according to the announcement.