The financial market is slowly integrating crypto-related products and services. According to a recent press release from the Brazilian Stock Exchange, B3, in 2022, the platform will be able to trade crypto-related products.
Called “B3 Day 2021: Solid Core Business | Expanding Frontiers”, the release features a report on how the Brazilian stock exchange is preparing for the future of the financial market.
Recognizing the importance of the crypto market, B3 announced that it might offer financial products related to digital currencies, such as ETFs index funds and even futures market trading.
B3 Day 2021 took place last Friday (10), when the platform’s president, Gilson Finkelsztain, stated that it is “natural” for the company to move into the crypto market.
“It is natural for us to expand into the unregulated world of crypto”.
Although B3 did not provide further details about joining the crypto market, the platform announced some services that may be offered in 2022. In addition to ETFs and futures market trading, B3 may offer cryptoasset custody to users.
More than 3.2 million users are currently members of B3, which plans to offer crypto products early next year.
The platform’s decision to offer products with digital currencies is announced a few months after the launch of crypto ETFs on the Brazilian stock exchange. The move positioned the country as one of the first to offer regulated funds with indexes tied to the price of digital assets such as bitcoin and ether (ETH).