B3, the Brazilian stock exchange, is contemplating the introduction of Ether (CRYPTO:ETH) futures contracts to its trading portfolio, following the success of its Bitcoin (CRYPTO:BTC) derivatives launched earlier.
This move aims to cater to institutional investors seeking to diversify their portfolios with cryptocurrency-linked products.
Felipe Gonçalves, B3’s superintendent, highlighted the potential demand spurred by the recent approval of Ether-based ETFs in the U.S., signaling a strategic alignment with global trends in cryptocurrency investment vehicles.
While B3 pioneered Bitcoin ETFs in Brazil back in 2021, the exchange now explores expanding its offerings to include both Ether futures and potentially Bitcoin options, pending further market analysis and regulatory considerations.
This initiative underscores B3’s proactive stance in embracing crypto derivatives to meet evolving investor demand in Latin America.