Brazil’s B3 launches options on Bitcoin, Ether and Solana futures

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B3 adds crypto futures options

Highlights

B3 launched options on Bitcoin, Ether, and Solana futures.
Contracts settle into futures, not spot crypto.
Bitcoin products are in reais, while Ether and Solana are in dollars.

The products became available for trading on July 6 and include call and put options tied to futures contracts, according to CoinDesk. The options settle into the underlying futures contracts, not the digital tokens themselves. The contracts also do not involve custody, transfer, or management of spot crypto assets.

B3 expands crypto derivatives

B3’s Bitcoin futures options are denominated in Brazilian reais, while the Ether and Solana futures contracts are denominated in U.S. dollars. All three products reference Nasdaq crypto indexes, tying the contracts to external benchmarks rather than direct spot token custody.

The structure keeps the products inside Brazil’s regulated derivatives market. Trading, settlement, and exercise take place in an organized exchange environment, rather than on a crypto service provider venue.

The contracts trade independently from 9 a.m. to 6:30 p.m. local time. Exercise is automatic at expiration when an option finishes in the money, unless the holder blocks exercise before the deadline.

A local hedge for crypto exposure

The launch gives institutional investors, brokers, and asset managers a domestic tool for managing exposure to Bitcoin, Ether, and Solana. Until now, many traders looking for crypto options liquidity had to rely on offshore platforms or less familiar market structures.

Options can be used to hedge price swings, express directional views, or build structured trades around volatility. That matters in crypto, where large moves are common and futures alone may not give investors enough flexibility.

The move also follows B3’s broader push into digital-asset products, including Bitcoin futures and futures tied to Ether and Solana. By adding options, the exchange is building a fuller derivatives market around the largest crypto assets.

Brazil’s regulated crypto market gets deeper

The launch matters because it brings more crypto risk management into a supervised exchange setting. For asset managers, that can make crypto exposure easier to handle within mandates, compliance systems, and local clearing arrangements.

It also strengthens Brazil’s position as one of the more developed regulated crypto markets in the region. The key test will be liquidity: if volume builds, B3 could become a regional hub for crypto derivatives rather than simply a local listing venue.

We also reported Brazil sets tougher standards for crypto service providers.

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