B3 (B3SA3.SA) has obtained the regulatory license to launch bitcoin futures trading, which suggests the increasing acceptability of cryptocurrencies in mainstream finance. This is a new way for investors to interact with the growing digital asset market and a major step forward for Brazil’s financial markets.

The company known for providing exchange-traded funds (ETFs) and ETF-related receipts connected to cryptoassets, Bitcoin Futures on the Horizon B3, said that the official start date for bitcoin futures trading may vary. However, the company has stated that barring any unanticipated events, it will begin trading on April 17.

Key features of the Bitcoin futures

B3 will offer bitcoin futures contracts indexed to the Nasdaq Bitcoin Reference Price, giving investors a uniform pricing standard. 10% of the value of bitcoin will be represented by each contract in Brazilian reals, providing traders with an open and convenient way to participate in the cryptocurrency market.

Handling Investor Needs Felipe Goncalves, B3’s superintendent of swap rates and currency products stressed the importance of the debut of the futures in satisfying investor demand for risk management instruments in the cryptocurrency market. Goncalves said, “The launch meets the demand for a derivative that allows a hedge against bitcoin’s price fluctuations or a directional exposure to the asset.”

Settlement mechanism

In contrast to spot trading, which involves the purchase and sale of real bitcoins, B3’s futures contracts will have a financial settlement system. This implies that traders won’t need to receive actual bitcoin delivery; they will settle their bets in cash at contract expiration.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed