Bitcoin futures boost B3 earnings in Brazil with R$ 65 million revenue in 2024
Bitcoin futures boost B3 earnings in Brazil
B3, the Brazilian stock exchange, generated R$ 65 million in revenue from Bitcoin futures in 2024, highlighting the growing role of cryptocurrency derivatives in its financial performance.
The segment saw consistent expansion, with the fourth quarter closing at an average daily trading volume of 206,000 contracts, contributing R$ 42.8 million in revenue, according to Portal do Bitcoin.
The data was released on Thursday (20) as part of B3’s annual financial report, which showed total revenue of R$ 10.6 billion, a 7% increase from 2023. Recurring net profit reached R$ 4.8 billion, reflecting a 4% rise over the previous year.
Bitcoin futures fuel B3’s revenue diversification
B3’s success in Bitcoin futures trading underscores the exchange’s ability to adapt to market trends and investor demand. According to André Veiga Milanez, B3’s Chief Financial, Administrative, and Investor Relations Officer, the company’s diversified revenue model helped sustain growth amid a challenging macroeconomic environment.
Beyond cryptocurrency derivatives, B3 saw gains across multiple segments. The Listed segment, which includes equities and derivatives, accounted for R$ 6 billion in revenue, while the Over-the-Counter (OTC) market grew 13.4%, reaching R$ 1.6 billion. Technology, Data, and Services also expanded, generating R$ 2.1 billion, a 10.5% increase.
Despite a 1.6% quarter-over-quarter revenue decline in Q4, B3’s overall performance in 2024 reaffirmed its strategic emphasis on product innovation and market expansion. The company’s ability to integrate digital assets into its offerings signals a broader institutional adoption of cryptocurrency in Brazil’s financial landscape.
Meanwhile, Brazil has solidified its status as a global leader in crypto, with 26 million citizens—12% of the population—owning digital assets. This ranks the country sixth worldwide in crypto adoption, highlighting its growing impact in the sector.
