Brazilian Stock Exchange B3 to Launch Bitcoin Futures Within Six Months

The firm is building the infrastructure to offer crypto market access to end users, CFO André Milanez said on Monday.

AccessTimeIconMay 16, 2022 at 8:36 p.m. UTC
Updated May 11, 2023 at 4:17 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

This article is adapted from CoinDesk Brasil, a partnership between CoinDesk and InfoMoney, one of Brazil's leading financial news publications. Follow CoinDesk Brasil on Twitter.

Brazil’s only stock exchange, B3, plans to launch bitcoin (BTC) futures “in the next three to six months,” Chief Financial Officer André Milanez said during a conference call on Monday.

  • Digital Assets Head Weighs in on Spot Bitcoin ETF Race in the U.S.
    01:09
    Digital Assets Head Weighs in on Spot Bitcoin ETF Race in the U.S.
  • Why Presidential Candidate Vivek Ramaswamy Is So Pro-Crypto
    1:00:39
    Why Presidential Candidate Vivek Ramaswamy Is So Pro-Crypto
  • Why Financial Advisors Are So Excited About a Spot Bitcoin ETF
    1:02:43
    Why Financial Advisors Are So Excited About a Spot Bitcoin ETF
  • When Could Traders See the Arrival of a Spot Bitcoin ETF?
    02:21
    When Could Traders See the Arrival of a Spot Bitcoin ETF?
    • The exchange is currently building the infrastructure to offer crypto market access to end users Milanez added.
    • B3 information technology director Jochen Mielke de Lima said in January the exchange planned to offer both bitcoin and ether (ETH) futures sometime in 2022/2023.
    • “It is natural for us to expand into the unregulated world of cryptocurrencies,” said B3 President Gilson Finkelsztain in December, adding that the company planned to offer crypto services to traders, as opposed to being a crypto exchange.
    • At the moment B3 offers exposure to crypto exchange-traded funds (ETF) listed in the Brazilian regulated market, Equities Manager Marielle Brugnari said recently. Currently, 10 crypto ETFs are available in Brazil.

    This article was translated by Andrés Engler, and edited by CoinDesk. The original Portuguese can be found here.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Rodrigo   Tolotti

    Rodrigo Tolotti is a crypto editor at InfoMoney, a leading financial news publication in Brazil. He graduated in Journalism from Faculdade Cásper Líbero.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.