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Brazil’s B3 Stock Exchange Expands Crypto Offerings with Ethereum Futures

Published 06/26/2024, 09:11 PM
Updated 06/26/2024, 09:45 PM
©  Reuters Brazil’s B3 Stock Exchange Expands Crypto Offerings with Ethereum Futures
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  • B3 announces expansion into Ethereum futures and additional crypto options following a successful Crypto ETFs meeting in Brazil.
  • Felipe Gonçalves emphasizes the importance of educational initiatives to attract more investors and expand market potential.
  • Daily transactions of crypto ETFs at B3 average R$50 million, with the total value of ETFs exceeding R$5 billion.

Brazil’s B3 Stock Exchange is expanding its cryptocurrency offerings to include Ethereum futures and various crypto options. This development follows the first Crypto ETFs meeting in Brazil, signaling the emergence of a structured market for digital assets.

Felipe Gonçalves, Head of Product Strategy at B3, emphasized the importance of educational initiatives to attract additional investors and leverage the existing market infrastructure. Gonçalves noted:

“The foundation for liquidity and market-making is already strong, but there is significant potential for growth.”

Having successfully launched Bitcoin futures, B3 is now focusing on Ethereum, engaging both clients and internal teams to refine its financial products. This strategy aims to attract substantial institutional investments …

The post Brazil’s B3 Stock Exchange Expands Crypto Offerings with Ethereum Futures appeared first on Coin Edition.

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