Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
The Brazilian Stock Exchange B3
World exchanges

Brazilian Stock Exchange expands services for its clients

13.08.2022
2 min read

Brazilian stock exchange launches futures for cryptocurrency

The Brazilian Stock Exchange announced its entry into the cryptocurrency market. The first step will be the launch of futures on digital assets. For now, they will be available in two types – bitcoin and ethereum, but over time their number will increase. Representatives of the site do not specify exactly how futures will be traded – through partners or directly.
Now the exchange offers digital money transactions for institutional and retail investors, with a total of 11 cryptocurrency ETFs available. In addition, there are 25 investment funds in Brazil, which are approved by the State Commission on Securities. They offer their clients to trade crypto assets. However, such transactions will now be available through the Brazilian Stock Exchange. At the same time, its representatives note that the site will not become solely cryptocurrency, but wants to take a high position in this segment.
The exchange plans to tokenize a number of assets and make it easier for its customers to use digital money. In the future, futures will be available here not only for bitcoin and ethereum but also for other popular types of currencies. In addition, the exchange aims to join forces with other cryptocurrency exchanges and become a hub for settlement and depository transactions in Brazil.The Brazilian Stock ExchangeThere are now 30 exchanges in the country that work with digital assets, but they need to improve processes and bring them to a single standardized system. Analysts at the Brazilian exchange note that in essence, the cryptocurrency market functions similarly to a regulated stock market. Both require issuance, trading, settlement actions, and asset custody.
The Brazilian Stock Exchange is based in Sao Paulo and trades the shares of the country’s largest companies, with a total capitalization of more than $1 trillion. The site itself is also one of Brazil’s top 20 most expensive companies. The exchange is considered the largest in Latin America, it provides stock transactions for more than 1.5 thousand businesses.
The history of the exchange started in 1890 when it was called Bovespa. In its current form, the exchange has existed since 2008, when the company merged with another Brazilian organizer of trading. In 2017, it absorbed another exchange.
In 2021, the exchange announced a new strategy, according to which investments in the core business were reduced and increased in the development of new solutions and projects. Among them is the cryptocurrency direction, which is already in the process of launching. In addition, this year the exchange plans to acquire the developer Neoway, which works in the segment of Big Data.

Tags: World exchanges
0
Previous Post Mastercard offers to pay for purchases with a smile Next Post Pfizer pharmaceutical corporation buys migraine drug maker

You Might Also Like

Cryptocurrency exchange FTX
World exchanges
Cryptocurrency exchange FTX moved its headquarters to the Bahamas
14.06.2022
European stocks
World exchanges
How European stocks react to current processes in the world market
02.09.2020
Russian stock exchange markets
World exchanges
How the Russian stock markets emerged and developed
24.07.2020
Italian exchange
World exchanges
The Italian exchange Borsa Italiana may soon change its owner
19.06.2021
fall of indices in world markets
World exchanges
Indices are falling in the global market
06.09.2022
Saudi company Luberef
World exchanges
A subsidiary of Saudi Aramco Luberef holds IPO
14.02.2023

Recent Posts

  • 1Mary Erdoes
    Mary Erdoes: the most powerful woman on Wall Street
    02.06.2023
  • 2Pilatus Aircraft
    Pilatus Aircraft: the history of the Swiss aircraft manufacturer
    01.06.2023
  • 3investment triangle to select a particular asset
    Investment triangle: how to choose the best asset for investment
    31.05.2023
  • 4Nissan and Renault
    Nissan and Renault invest $600 million in a joint venture
    30.05.2023
  • 5Noventiq
    Noventiq plans to float on the Nasdaq exchange
    29.05.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • H&M issues €500 million worth of green bonds

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Mary Erdoes
Mary Erdoes: the most powerful woman on Wall Street
02.06.2023
Pilatus Aircraft
Pilatus Aircraft: the history of the Swiss aircraft manufacturer
01.06.2023
investment triangle to select a particular asset
Investment triangle: how to choose the best asset for investment
31.05.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • H&M issues €500 million worth of green bonds
  • Middle East’s largest stock exchange Tadawul prepares for IPO
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics