B3 Launches Dollar-Indexed Bitcoin Futures Contract

The Brazilian stock exchange B3 has launched a new futures contract for Bitcoin priced in dollars, expanding its offerings of cryptocurrency-related products.

The new contract, identified by the ticker BTC ($85,907.00 · Live), allows investors to track the international reference price of Bitcoin in US dollars without needing to buy or hold the cryptocurrency directly.

Each contract represents 0.01 BTC and has a monthly expiration date with financial settlement based on the Nasdaq Bitcoin Reference Price, Settlement.

This new product differs from the existing futures contract for Bitcoin priced in reais, which reflects both the international price of Bitcoin and fluctuations in the dollar's value against the real.

The B3's director of listed products, Marcos Skistymas, stated that the arrival of the US dollar-denominated futures contract expands the range of tools available for those trading cryptocurrencies on the exchange.