Brazilian Stock Exchange To Begin Trading Bitcoin Futures This Year

• B3, the Brazilian banal exchange, volition statesman trading BTC futures successful 3 to six months.
• This past January, the CFO of B3 announced plans to commercialized futures based connected bitcoin and different cryptocurrencies.
• The CFO besides mentioned becoming a work supplier of custodial solutions, arsenic good arsenic a colony supplier for the increasing ecosystem during January.

The Brazilian banal speech known arsenic B3 (Brasil, Bolsa, Balcão) volition statesman trading futures contracts for bitcoin wrong the adjacent 3 to six months, according to a study from Valor.

"We program to motorboat bitcoin futures successful the adjacent 3 to six months," CFO André Milanez reportedly said connected a league call.

No details were offered connected whether oregon not B3 had partnerships lined up to connection the products oregon if different institution would beryllium providing infrastructure. This past January, Valor reported that Jochen Mielke de Lima, manager of accusation exertion astatine B3 stated the exchange’s intentions of releasing BTC futures.

During the January interview, Mielke noted that B3 had been looking into bitcoin and different cryptocurrencies since 2016, but that the contented of valuing the assets against either the dollar oregon the Brazilian existent played a confusing relation successful B3’s determination.

"We are identifying points of friction that we tin assistance lick to look it, specified arsenic helping our customers supply the champion entree to their extremity customers," helium said.

B3 noted that similarities betwixt the equities marketplace including: trade, colony and custody, are each issues that the speech believes it tin connection services for.

"We person astir 30 nationalist crypto brokers, isolated from the planetary ones that run here. We could connection a work to facilitate and standardize their operations. I judge you person thing to research successful providing custody services and the colony process," Mielke told Valor successful the January interview.