Brazilian Stock Exchange for the first time Ethereum and Solana Futures star-news.press/wp

B3, a prominent exchange in Brazil, has opened trading on futures contracts for ETHEREUM and Solana today. This is the first step in a plan to provide many futures contracts in Altcoin.

In addition, the B3 has also modified the pre -existing Bitcoin contracts, making it cheaper to attract local retail investors. These altcoin offers, on the other hand, meet the needs of international customers.

Futures in the new Brazil in Brazil

B3 news headlines are released two months ago when it became the first exchange in the world to offer ETF XRP. This development has become possible thanks to the organizational developments in Brazil, a nation aimed at becoming a coding center.

Today, B3 expanded the presence of Brazil in this industry with its new future Contracts Based on Solana and Ethereum:

“B3 provides new derivative tools to meet the increasing demand for products related to encryption products, bringing more innovation and development to our products, as well as providing more alternatives to investors familiar with Blockchain technology.” Release.

To be clear, Brazil is far from the first country to advance future contracts based on these heroes. In the United States, Solana Futures ETF started trading on CME three months ago.

However, the B3 entry into this market is valuable for several reasons. For one reason, the company plans to provide similar contracts for other famous symbols in the near future, if this proves its success.

Ethereum and Solana Futures depends on the price of the basic assets listed on the Nasdaq Stock Exchange. Each ETH will be 0.25 % of the distinctive symbol, while each Solana future will represent five Sol.

Both will be priced in US dollars to attract international investors, and settlements will occur last Friday every month.

B3 also announced that the pre -bitcoin Futures contract will be modified before 0.01 BTC instead of 0.1.

By making Bitcoin Futures ten times cheaper, EXCHANGE hopes to attract more retail investors inside Brazil. This contradicts the international focus strategy for new Altcoin products.

Of course, the demographic in Brazil has suffered from young investors from encryption from a higher tax rate, which may affect future B3 contracts.

Even if these products do not constitute encryption investments directly, new taxes also apply to indirect financial tangles. We hope this will not represent a major obstacle in the future.