Brazil's B3 launches dollar-denominated Bitcoin futures under BTC ticker
- —Each contract equals 0.01 BTC with cash settlement and no coin delivery
- —Monthly expiry on the last Friday, referenced to the Nasdaq Bitcoin Reference Price index
- —A calendar-spread rollover tool, BC1, launched alongside the contract
- —The product is included in B3's market-maker program with ten slots
Why it matters: Brazilian institutions and traders gain direct exposure to the dollar price of BTC without holding the coin.
Source: BeInCrypto BR