B3 Launches ETH, SOL Futures as Bitcoin Contracts Shrink

- B3 now offers Ethereum and Solana futures contracts. - B3 reduced its Bitcoin futures contract size to enhance accessibility. On June 16, 2025, CoinDesk reported that B3, the Brazilian stock exchange, launched new Ethereum (ETH) and Solana (SOL) futures contracts and also reduced its Bitcoin futures contract size. B3 introduced these new futures to expand its crypto derivatives market and meet increasing investor demand. The newly introduced Ethereum and Solana futures contracts are denominated in U.S. dollars and use Nasdaq's reference indices for pricing. Each Ethereum futures contract represents 0.25 ETH, while each Solana contract covers 5 SOL. Furthermore, these futures contracts expire on the last Friday of each month, and B3 financially settles them. In addition to launching these new futures, B3 also announced a tenfold reduction in its existing Bitcoin futures contract size, decreasing it from 0.1 BTC to 0.01 BTC, effective June 16. This alteration aims to make Bitcoin futures more accessible to retail investors and enhance liquidity. Meanwhile, the Bitcoin futures continue to trade in Brazilian reais. These developments underscore Brazil's ambitions to become a significant crypto hub in Latin America, with the country aiming to attract both local and international investors. While Brazil has also demonstrated significant crypto adoption, ranking high globally in adoption indices, it faces regulatory challenges. These challenges include concerns from the Central Bank of Brazil regarding stablecoins and recent tax exemption modifications for crypto gains. Despite these issues, B3's latest initiatives indicate robust growth and innovation within the Brazilian crypto market. As of June 17, 2025, 17:21 UTC, Ethereum (ETH) is trading at $2,470.267, with a 6.457% change in 24-hour trading volume. Solana (SOL) is trading at $146.228, with a 7.307% change in 24-hour trading volume.