Brazilian B3 Exchange to Allow Bitcoin Futures trading
The B3 exchange will offer bitcoin futures contracts. Trading will begin on April 17th, but the timing may vary.
The Brazilian B3 exchange has received permission from the local regulator to offer bitcoin futures contracts. This is reported by Reuters with reference to the company's statement.
It is known that futures trading will begin on April 17, but the timing may vary.
The statement says that bitcoin futures will be linked to the price of the asset on Nasdaq, and the value of each contract will be 10% of the price of the first cryptocurrency in Brazilian reals.
"This launch satisfies the demand for a derivative that allows you to hedge fluctuations in the price of bitcoin," said Felipe Goncalves, a representative of B3.
In addition, B3 added that the futures contract will have a financial settlement, without buying or selling a real asset.
Source: https://incrypted.com/brazilskaya-birzha-b3-razreshit-torgovlyu-bitkoin-fyuchersami/
