Brazilian Stock Exchange B3 Unveils Bitcoin Options ether (ETH) and solana (SOL) futures contracts, expanding its regulated crypto derivatives offerings.
The contracts became available for trading on July 6, according to a B3 circular. They include call and put options on Bitcoin futures contracts denominated in Brazilian reais, while ether and solana futures contracts are denominated in US dollars.
Options are settled on the underlying futures contracts, not the tokens themselves. B3 said the products do not involve the custody, transfer or administration of crypto assets for cash.
Contracts trade independently from 9:00 a.m. to 6:30 p.m. local time according to the B3 derivatives trading schedule. Exercise is automatic at expiration when the option ends in the money, unless the holder blocks the exercise.
The offering gives traders and asset managers a local venue to hedge crypto exposure, trade volatility and create structured positions without using offshore crypto options markets.
This adds another instrument to B3’s push into regulated crypto products, after the exchange decided to list Bitcoin options and ether and solana futures and subsequently prepared Bitcoin-related event contracts.
B3’s Bitcoin futures contract is denominated in reais. Its ether and solana futures contracts are denominated in US dollars. Nasdaq’s three crypto benchmark indices, according to the announcement.
