B3 finally launched, BTC options denominated in Brazilian Real are interesting, is South American institutional money coming in?

B3-6.33%
BTC-1.76%
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CoinNetwork
Brazil's B3 exchange launches BTC, ETH, SOL options
Brazil's B3 exchange launches options on Bitcoin, Ethereum, and Solana futures, trading starts July 6. BTC futures call/put options are denominated in Brazilian Real, ETH and SOL futures are denominated in USD. Options settle into underlying futures, no spot custody involved. Trading hours 9:00-18:30. If in-the-money at expiration, options are automatically exercised unless holder prevents it. Provides local investors a venue to hedge crypto risk, trade volatility, and build structured positions, avoiding offshore markets.
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