Brazilian Stock Exchange Announces Trading Plan for Bitcoin

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• B3 has announced plans to launch a night trading session for assets starting in the second half of this year, according to a local news source.
• Gilson Finkelsztain, president of B3, stated that this strategic decision is driven by the desire of retail investors to participate in the market beyond traditional hours.
• Finkelsztain also disclosed discussions about extending the regular trading session by one hour.

Brazil’s B3 stock exchange has announced plans for a night trading session: What are Brazil’s goals for cryptocurrencies?

Brazilian Stock Exchange Launches Bitcoin Trading

Brazil’s B3 stock exchange has announced plans to launch a night trading session for assets starting in the second half of this year, according to a local news source. This new session will take place between 18:30 and 21:45 (UTC-3) and will involve the trading of only two futures contracts: futures contracts for Brazil’s benchmark stock index Ibovespa and Bitcoin.

Gilson Finkelsztain, president of B3, stated that this strategic decision is driven by the desire of retail investors to participate in the market beyond traditional hours. Finkelsztain said, “There are many people who want to trade. We think this is an opportunity to deal with some delays in certain transactions, but it may increase costs and risks.”

Highlighting the need to test the new structure to evaluate its impact on market liquidity, Finkelsztain emphasized the necessity of testing this new structure to assess its impact on market liquidity. Finkelsztain also disclosed discussions about extending the regular trading session by one hour.

However, this proposal received mixed reactions due to concerns from some members of the trading community about how liquidity and volume would be distributed over an extended period. “This is more of an art issue than a science. We are determined to test and adapt as needed,” he said.

B3 offers access to many cryptocurrencies

Despite the Brazilian stock exchange’s interest in crypto assets, Finkelsztain mentioned that they are currently primarily focused on strengthening traditional capital market infrastructure. B3 Digitas, the digital arm of Latin America’s largest stock exchange, launched a crypto exchange last June, allowing direct trading of Bitcoin, Ethereum, USDT, Litecoin, and XRP.