B3 launches bitcoin, ether, solana options
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- B3 launched options on bitcoin, ether, and solana futures on July 6, settling into underlying futures contracts rather than spot cryptoassets — with no custody, transfer, or administration of tokens involved.
- Bitcoin options are denominated in Brazilian reais, while ether and solana contracts are priced in U.S. dollars, and all three reference Nasdaq crypto indexes.
- The options contracts trade from 9 a.m. to 6:30 p.m. local time, with exercise automatically triggered at expiration when the option finishes in-the-money unless the holder blocks it.
- The offering gives local traders and asset managers a regulated venue to hedge crypto exposure, trade volatility, and build structured positions without using offshore crypto options markets.
- The launch extends B3's broader regulated crypto push, following its earlier listings of bitcoin options, ether and solana futures, and preparation of bitcoin-linked event contracts.
Why it matters: Brazilian crypto traders and asset managers now have a fully regulated, locally accessible options venue on B3 for bitcoin, ether, and solana — reducing their dependence on offshore platforms. By settling into futures rather than spot tokens, B3 sidestepped the custody and transfer complexity that typically accompanies crypto derivatives launches.
