Bitcoin futures already move 15 times more than the cryptocurrency; understand
Amount compares values traded on B3, with the cryptocurrency derivative, in the futures market, and bitcoin operations in Brazil in the spot market
Lucas Gabriel Marins
08/22/2024 3:58 PM • Updated 5 hours ago
The accumulated volume traded with Bitcoin futures contracts (BITFUT), released by the Stock Exchange on April 17, already totals R$$ 223.3 billion, until August 20, according to data from the stock exchange. The amount is about 15 times higher than the R$$ 14.2 billion traded in Bitcoin (BTC), in the spot market, on local exchanges in the same period, according to information from the monitor.biscoint.io platform.
This high level of money movement, greater than the market value of Ambev (ABEV3), was driven by a series of factors, according to experts consulted by InfoMomoney, such as ease of investment, entry of investors, participation of regulatory bodies, reduction of spread (difference between the purchase and sale prices of an asset) and increased liquidity.
“Before, you had to register with a brokerage firm abroad to be able to trade Bitcoin futures, and now you can do the operations here in Brazil. This ease and practicality of not having to send money abroad certainly helps and contributes a lot to this increasing growth”, says Rodrigo Cohen, ambassador of XP Investimentos
