MOEX Launches Ruble-Settled Crypto Perpetual Futures for Qualified Investors
Moscow Exchange (MOEX) is set to launch ruble-settled crypto perpetual futures for qualified investors on September 22. The new contracts will be available for five cryptocurrency indexes: Bitcoin, Ether, Solana, XRP, and Tron.
The prices of these perpetual futures will be quoted in U.S. dollars, but they will settle entirely in rubles. This design allows MOEX to offer exposure to digital-asset price movements while keeping capital inside Russia's domestic financial infrastructure.
The launch follows Russia's first comprehensive crypto law, which took effect on September 1 and classifies cryptocurrencies as property and investment instruments. The law bans domestic payments using cryptocurrencies but allows their use for cross-border trade settlement.