B3, the largest stock exchange in Latin America, has launched options on futures contracts for bitcoin, ether and solana. The exchange announced the offering today. The products settle into the underlying futures, not spot tokens – no cryptocurrency changes hands during the trade, eliminating custody and transfer risks.
That structure is a key differentiator from spot-based options traded on many crypto-native exchanges. There is no need for the buyer or seller to hold any actual tokens. The underlying futures are themselves cash-settled, meaning the final payout is in fiat, not crypto. Traders can hedge or speculate on price moves without ever touching a wallet.
For institutional and retail investors, this offers a regulated gateway to crypto derivatives in a major emerging market. B3 provides a familiar exchange-traded framework with clearinghouse guarantees. The exchange's existing infrastructure – including margin requirements, position limits and daily settlement – applies to these options as well.
B3 has been steadily building out its digital asset suite. It launched bitcoin futures in 2023, then added ether and solana futures. Options on those futures are a natural next step. The new contracts let traders hedge existing futures positions or express more complex views on price direction, such as volatility plays or calendar spreads.
In the US, the CME has offered options on bitcoin futures since 2020 and on ether futures since 2023. B3's inclusion of solana futures options gives the Brazilian exchange a broader set of altcoin derivatives than many global counterparts. Solana options on futures are still rare among regulated exchanges globally.
The next catalyst to watch will be volume and open interest on the new options. If liquidity builds quickly, B3 could become a key venue for Solana derivatives outside the US. For now, the launch shows that regulated exchanges see demand for multi-token crypto options beyond the two largest coins. Traders should monitor whether the options attract institutional hedging activity or remain a retail-driven product.
Latin America’s B3 exchange launches bitcoin, ether, solana options for safer crypto trading
B3, Latin America’s largest stock exchange, began offering options on bitcoin, ether, and solana futures, letting investors trade price bets without holding actual cryptocurrencies. This provides both institutional and retail investors a regulated and lower-risk way to participate in crypto markets.