Brazilian Stock Exchange B3 announces entry into Crypto, CaaS, Commodity Exchange and ETF market

B312, the Brazilian exchange with a history of over 100 years, announced on the 10th that it will invest in the cryptocurrency market in 2022. Chairman Gilson Finkelsztain hopes to introduce Caas, the storage of digital asset holders and practical external services. , and even plans to announce a cryptocurrency ETF (Money Fund).

Dedication to customer service and commitment to five key projects

The principal of B3 (Brasil, Bolsa, Balcão) is the Brazilian Stock and Futures Exchange (BM & FBOVESPA). B3 Chairman Gilson Finkelsztain said at the B3 Day event on the 10th that B3 does not intend to become a cryptocurrency exchange, but of course will expand to non-cryptocurrency. regulated, to meet the needs of investors seeking access to the management and protection of the market. I do. However, this is not a cryptocurrency exchange, it is an aid to cryptocurrency traders.

B3 is currently working on asset tokenization, digital asset management, over-the-counter (OTC) products, desktop adoption, and crypto services (CaaS). ), but special plans have yet to be announced, said Gilson Finkelsztain. , B3 will also release a cryptocurrency ETF (again, no results have been announced and the indicators it will track).

Overall, the B3 now has six major advantages:

* Tokenization of treasures: supporting the digitization of heritage and improving efficiency and effectiveness

* Market Access and Potential Resources: Reduce the difficulty of accessing distributed, global, 24/7 markets (such as cryptocurrencies).

* Digital storage: improves the stability of the service

* OTC Service: Provides increased security and efficiency for mobile data transmission (DVP) from digital devices

* Improved investment: Reduced prepayment of labor

* CaaS: Allows users to research the crypto market with a low start.

Brazilians are crazy about investing in cryptocurrencies.

As previously reported by financial markets, the wave of cryptocurrency investment has swept through Brazil, Latin America's largest economy. Monthly purchases over $ 350 million, with a total monthly purchases of $ 756 million in May, the highest.

Brazilian Solidarity Party member Aureo Ribeiro also announced a new letter on the 6th of this month to offer Bitcoin in accordance with the national payments law. At the legal level, it is easier for the public to use and invest in cryptocurrencies.

Moreover, in Korea not only B3 but also 4 or more cryptocurrency ETFs were born, of which HASH11, which tracks the Nasdaq cryptocurrency index fund, is the best, and Brazilians are also profiting from two other ETFs. Bitcoin and a. Ethereum can invest in ETFs.