Options on Bitcoin Futures in Brazilian Reals expand the tools available for risk management and active portfolio management, making access to the crypto market more complete and strategic.
Options on Bitcoin Futures in Brazilian Reals are derivative instruments that grant the holder the right to buy or sell the B3 Bitcoin Futures Contract at a previously established price (strike price), on a future date. As they have physical settlement, the exercise of the option results in the delivery of the futures contract itself, which ensures greater precision in the execution of strategies.
With daily expirations, the product offers flexibility for investors to adjust their positions more frequently and with greater granularity, responding swiftly to market movements.
Options open the way for building complex structures, as well as enabling efficient hedging of positions.
The derivative contracts are not traded in trading environments managed by virtual asset service providers (VASPs) and shall not be confused with the direct trading of crypto assets in such environments, as defined in BCB Resolution No. 520. The transactions take place in an organized exchange environment and do not involve, at any stage, the physical delivery of crypto assets. Trading and market maker activities occur in an organized exchange environment, subject to the regulation and supervision of the CVM, and not in a trading environment managed by a VASP.