PANews reported on May 9 that according to Bitcoin.com, the Brazilian Stock Exchange B3 announced that it will launch Ethereum and Solana futures contracts on June 16, further expanding its crypto financial product line. The product has been approved by the Brazilian Securities and Exchange Commission (CVM) and aims to help institutional investors avoid asset custody problems and participate in the crypto market more conveniently. Unlike existing Bitcoin futures, ETH and SOL contracts will be denominated in US dollars, with each contract corresponding to 0.25 ETH and 5 SOL respectively. At the same time, B3 announced that the face value of Bitcoin futures contracts will be reduced from 0.1 BTC to 0.01 BTC to increase liquidity and investor participation. The exchange has been preparing these products since February this year and originally planned to launch them before the end of the year.
Brazil’s B3 Stock Exchange to Launch Ethereum and Solana Futures on June 16
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