Moex Launches Cash-Settled XRP Perpetuals Amid Regulatory Changes
- On September 22, Moex listed five cash-settled perpetual contracts, including XRPUSDF, quoted in U.S. dollars and settled in rubles.
- More than 72,000 qualified investors have traded Moex’s crypto futures, with a turnover exceeding RUB 600 billion (approximately $7.17 billion).
- Russia’s new crypto legislation caps retail investors at about $3,700 annually, focusing XRPUSDF volume on professional traders.
- The exchange set the funding parameters for the contracts at K1 and K2 rates of 0% and 0.35%, respectively.
- Bitcoin‘s price experienced a short squeeze, nearing $87,000 recently, while XRP traded around $1.52, up by approximately 6% within a day.
Moex launched its cash-settled perpetual contracts amidst regulatory changes in Russia that legalize regulated crypto trading but limit retail investment to approximately $3,700 annually. This move targets professional traders who meet specific wealth or experience criteria under Russian law.
The significant trading activity and turnover indicate strong demand among qualified investors for these new financial instruments on Moex’s platform (Source).
