The Securities and Exchange Commission (CVM) gave approval for the launch of the bitcoin futures contract by B3 (B3SA3). The new contract is scheduled to begin negotiations on April 17. B3 informed that confirmation of the date is subject to approval, by the CVM, of an operational manual that establishes the rules related to the contract.
This contract will use the Nasdaq Bitcoin Reference Price (NQBTC) index as a reference for transactions. Each contract will have a value equivalent to 0.1 bitcoin, representing around 10% of the value of the cryptocurrency in reais, and will expire monthly.
It is important to highlight that in this type of contract, settlement will occur exclusively financially, that is, it will not involve the direct purchase and sale of cryptocurrencies. The financial results of the negotiations will be based on the price variation of bitcoin.
Currently, B3 already offers investors the trading of 14 ETFs and ETF BDRs related to the cryptocurrency market. At launch, the bitcoin futures contract will have market makers, who are agents responsible for trading the product and helping to ensure liquidity and reliability in price formation.
Bitcoin
Bitcoin is a decentralized cryptocurrency, that is, a form of digital money that operates without the need for a central authority, such as a central bank or government, to control its issuance and transactions. It was created in 2009 by a person or group of people under the pseudonym Satoshi Nakamoto and is based on a technology called blockchain.
The blockchain is a public record of all Bitcoin transactions ever carried out. It is made up of blocks of data that are interconnected and encrypted, ensuring the security and transparency of transactions. This means anyone can verify Bitcoin transactions, but they are protected by encryption, making them secure and fraud-resistant.
Bitcoin can be used for a variety of transactions, including online purchases, money transfers and investments. It is also known for its price volatility, which means its value relative to other currencies can vary significantly over short periods of time.
Decentralized
Additionally, Bitcoin is decentralized, meaning it is not controlled by any government or financial institution. This gives users more freedom and control over their money, but it can also make Bitcoin more susceptible to price fluctuations and speculative activity.
In short, Bitcoin is a form of digital money that operates in a decentralized manner, using blockchain technology to ensure the security and transparency of transactions. It offers users more freedom and control over their money, but it also presents challenges such as price volatility and regulation.
