Moscow Exchange Expands Cryptocurrency Offerings with New Indices and Futures
- Russia’s Moscow Exchange (MOEX) plans to introduce new indices and futures for XRP, Solana, and Tron in the coming year.
- Maria Silkina, head of the derivative products group at MOEX, announced this expansion during a recent broadcast.
- The exchange already provides benchmarks for Bitcoin and Ethereum, with plans to offer cash-settled futures contracts for the new indices.
- MOEX is considering perpetual futures and options for Bitcoin and Ethereum, which would allow indefinite position holding based on funding rates.
- Access to these products will initially be limited to qualified investors under the Bank of Russia’s regulations.
The introduction of these new indices and futures by MOEX aims to provide traders with additional tools for tracking price movements without directly owning the underlying tokens. This move could enhance liquidity and risk management options within Russia’s cryptocurrency market.
These developments signify a broader push towards expanding market access while adhering to regulatory standards set by the Bank of Russia, potentially attracting institutional interest in XRP, Solana, and Tron derivatives.Source
