Brazil's stock exchange to launch bitcoin futures trading
The stock exchange will also soon roll out more services related to crypto trading
By Shashank Bhardwaj
Stocks Exchange (B3) headquarters in downtown Sao Paulo, Brazil
Image: Nelson Almeida/AFP
Brazilian stock exchange B3 has announced its plans to launch Bitcoin (BTC) futures this year. Chief Financial Officer André Milanez made the announcement during a conference call on Monday, May 16.
Though Milanez didn't go into great detail about how the product will work, and it's unclear whether B3 will enter into a partnership or offer Bitcoin futures directly, Milanez did indicate that the timing for the product's launch was rather short. "We plan to launch bitcoin futures in the next three to six months," he said.
The writer is the founder at yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash
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