Brazil's B3 Stock Exchange has announced plans to launch Bitcoin  (CRYPTO:BTC) futures trading on April 17, marking a significant development in the country's cryptocurrency market.

The futures contracts will be linked to the Nasdaq Bitcoin Reference Price, allowing investors to hedge against bitcoin's price volatility or gain exposure to its price movements.

This move by B3, already offering ETFs and cryptoasset-related receipts, aligns with growing investor demand for cryptocurrency derivatives in Brazil.

Each bitcoin futures contract on B3 will represent 10% of the bitcoin price in Brazilian reais, providing a more accessible entry point for investors looking to participate in the bitcoin market.

The introduction of bitcoin futures with financial settlement indicates B3's strategic approach to integrating cryptocurrencies into traditional.