B3 launches Bitcoin, Ether and Solana futures options
The Brazilian exchange has begun trading crypto options tied to listed futures contracts, expanding regulated access for retail and institutional investors under CVM oversight.
B3 has launched options on Bitcoin, Ether and Solana futures, adding a new layer to the Brazilian exchange’s crypto derivatives market after introducing Bitcoin futures in April 2024 and Ether and Solana futures on June 16, 2025. The contracts, which trade under the tickers BIT, ETR and SOL, began trading on July 6 and run independently from 9:00 a.m. to 6:30 p.m. São Paulo time. At expiration, the options automatically exercise into the underlying futures positions, avoiding direct spot token custody, with settlement taking place either in cash or through the futures contract itself. B3 said designated market makers will support liquidity, while the exchange’s regulated structure under Brazil’s CVM gives both retail and institutional investors a compliant venue for crypto options strategies such as hedging and limited-risk positioning.
- designated market makers: Firms appointed to provide continuous buy and sell quotes to support trading liquidity.
- protective puts: An options strategy used to limit downside risk on an existing position.
- covered calls: An options strategy in which an investor sells call options against an asset or position they already hold.