The Bitcoin Futures Contract in Brazilian Reais enables the trading of expectations and exposure to the future price of the Bitcoin cryptocurrency, without the need to purchase it in the spot market. In other words, it can be used for hedging or speculation on the price of Bitcoin at a future date, as well as by investors who wish to trade based on Bitcoin’s future trend and thus generate profits.
Event Contracts on Bitcoin Futures are derivative instruments listed on B3 that allow investors to take positions on the occurrence or non-occurrence of a specific event related to the variation of the Bitcoin Future Contracts, on a predetermined date.
These contracts operate similarly to a binary option, with a clearly defined outcome at expiration:
- if the event occurs, the contract is automatically cash settled at a fixed amount of BRL 100
- if the event does not occur, the contract expires with no value.
How does it work?
Each Event Contract is associated with an objective question, based on a clear and verifiable condition, for example:
“Will the settlement price of the Bitcoin Futures Contract (weighted average of trades between 5:50 p.m. and 6:00 p.m.) close above 350.000 on September 30, 2026?"
The investor decides whether to take a position in favor (“Yes”) or against (“No”) the occurrence of the event. The contract price reflects the probability assigned by the market to that outcome, quoted on a scale from 0 to 100 points.
At expiration, automatic cash settlement occurs, with a fixed payment of BRL 100 per contract, exclusively for contracts whose event is confirmed.
In accordance with CVM regulatory guidelines, event contracts based on Bitcoin Futures will be restricted to professional investors.
Contracts