In a bold move to bolster Brazil’s presence in the global crypto investment landscape, the country’s main stock exchange, B3, has announced a significant expansion of its cryptocurrency product offerings.

The futures contracts for Ethereum (ETH) and Solana (SOL), two of the top traded global cryptocurrencies, will be added from June 16th.

This strategic revenue stream was approved by CVM, Brazil’s Securities and Exchange Commission, and is a prerequisite for on-ramping traditional finance onto the world stage of the emerging digital assets.

B3 Expands Offerings to Strengthen Crypto Presence

The new futures contracts, each tied to 0.25 ETH or 5 SOL and denominated in U.S. dollars, are meant to serve institutional investors wanting exposure to crypto but otherwise unwilling to handle the day-to-day hassles of digital wallet management or token custody.

Marcos Skistymas, B3’s Director of Product Development, reiterated the importance of “regulated and securing” access to the crypto market. “These new contracts are a reaction to the increasing demand of investors for blockchain assets,” Skistymas noted. “We are aligning our offerings with international financial trends but keeping a check on what our market requires in the terms of the regulatory standards.”

In addition to launching the Ethereum and Solana futures, B3 is reworking its current Bitcoin futures contracts. Consequently effective the same day, the size of each deal will increase from 0.1 BTC to 0.01 BTC, an effort to improve accessibility and involvement from minor investors. This move has been greenlit by the CVM as well.

Despite having been planned for a year-end release, this rushed schedule is a clear consequence of an uptick in institutional interest, as well as a renewed impetus in the crypto market, brewing post the recent price surge in the BTC.

B3’s crypto roadmap is gaining serious momentum. In April, the exchange gained headlines for the launch of Brazil’s first XRP-based ETF, strengthening the message of its desire to diversify investment choices built on digital assets.

With this new move, B3 is sending a message not only of its responsiveness to market dynamics but also of its desire to lead the creation of regulated crypto investment infrastructure in Brazil.