Brazilian exchange operator B3 will launch Bitcoin futures in April

ChainCatcher news, according to Reuters, Brazilian exchange operator B3 (B3SA3.SA) announced on Thursday that it has received the green light from the Brazilian securities regulator to launch Bitcoin futures, with trading set to begin on April 17. B3 currently offers exchange-traded funds (ETFs) and ETF receipts related to crypto assets, and the company stated that the official launch date is still subject to change.

The company stated in a release that the Bitcoin futures will be linked to the Nasdaq Bitcoin Reference Price, with the value of each futures contract set at 10% of the price of Bitcoin in Brazilian reais.