B3, the Brazilian stock exchange, will originate trading bitcoin futures contracts inside of the following three to six months and hopes to produce crypto-based services and products.
B3, the Brazilian stock exchange, will originate trading bitcoin futures contracts inside of the following three to six months and hopes to produce crypto-based services and products.
- B3, the Brazilian stock exchange, will originate trading BTC futures in three to six months.
- This past January, the CFO of B3 launched plans to trade futures based on bitcoin and other cryptocurrencies.
- The CFO also mentioned turning into a service supplier of custodial solutions, along with a settlement supplier for the growing ecosystem all the design in which thru January.
The Brazilian stock exchange identified as B3 (Brasil, Bolsa, Balcão) will originate trading futures contracts for bitcoin inside of the following three to six months, per a file from Valor.
“We arrangement to inaugurate bitcoin futures within the following three to six months,” CFO André Milanez reportedly said on a conference name.
No small print were equipped on whether or no longer B3 had partnerships lined up to produce the products or if one other company would be providing infrastructure. This past January, Valor reported that Jochen Mielke de Lima, director of data technology at B3 said the exchange’s intentions of releasing BTC futures.
All the design in which thru the January interview, Mielke eminent that B3 had been taking a seek into bitcoin and other cryptocurrencies since 2016, but that the discipline of valuing the sources against either the dollar or the Brazilian right played a confusing role in B3’s dedication.
“We’re figuring out gains of friction that we can abet resolve to face it, comparable to serving to our customers provide the one entry to their extinguish customers,” he said.
B3 eminent that similarities between the equities market alongside side: trade, settlement and custody, are all factors that the exchange believes it will provide services and products for.
“We now bear got spherical 30 nationwide crypto brokers, other than the realm ones that operate here. Shall we provide a service to facilitate and standardize their operations. I obtain you bear something to explore in providing custody services and products and the settlement path of,” Mielke suggested Valor within the January interview.
