Moscow Exchange Expands Crypto Index Suite with Four New Additions
- Russia’s Moscow Exchange will introduce new crypto indexes for SOL, XRP, TRX, and BNB within the next week.
- Price data for these indexes will be sourced from four global venues with Binance contributing the largest share at 50%, followed by Bybit at 20%, OKX at 15%, and Bitget at 15%.
- The exchange aims to expand its crypto index suite from six to at least ten assets over time.
- The new indexes will follow the same architecture as Moex’s existing bitcoin and ether indexes, which were launched in June and October of the previous year respectively.
This expansion of crypto indexes by Moscow Exchange is significant as it offers Russian institutional investors a regulated pathway for exposure to digital assets amid Western sanctions limiting access to dollar-denominated systems. The weighted pricing approach across multiple exchanges aims to mitigate price manipulation risks and reflects a broad market consensus.
The introduction of these new benchmarks brings Moex’s total crypto index count to six, setting the stage for future derivatives products based on these indices once sufficient price history is established. (Source)
