The Brazilian Stock Exchange, known as B3, is innovating in the financial market with the launch of its new Bitcoin futures contract, marking a significant step in the integration of cryptocurrencies into the country's traditional economic scenario. This new product, which begins trading this Wednesday, will operate from 9am to 18:30pm in Brazil, promising to attract a large number of investors interested in the dynamics of Bitcoin.
This Bitcoin futures contract will be based on the Nasdaq Bitcoin Reference PriceTM Index (NQBTCTM), and unlike direct cryptocurrency trades, it will be financially settled. This means that investors will not need to deal with the physical purchase or sale of Bitcoin, and can focus on speculation and protection against market volatility.
Marcos Skistymas, director of Listed Products at B3, highlighted the growing demand for crypto products, stating that “products linked to cryptocurrencies are being highly sought after by investors”. B3's initiative to launch the Bitcoin futures contract aims to meet this growing demand, while expanding the offering of cryptocurrency-related products.
Interested investors will need to deposit a minimum margin of R$100 per contract to trade. Furthermore, those who maintain positions until the end of the trading session will need a guarantee margin corresponding to 50% of the contract value. With daily adjustments based on changes in the Bitcoin price During the day, contracts expire on the last Friday of each month, which makes it possible to create different investment strategies.
