Russia's Moscow Exchange Launches Crypto Perpetual Futures Trading for 5 Top Cryptos

The Moscow Stock Exchange (MOEX) in Russia has announced the launch of crypto perpetual futures trading for five cryptocurrencies, marking a significant step towards expanding the cryptocurrency derivatives market. The new products will be available to qualified investors and will trade under ticker symbols BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF, and TRXUSDF.

The contracts will be priced in US dollars and payments will be processed in Russian rubles. The underlying crypto assets will not be physically delivered to the investor during these transactions. This move is seen as a significant step towards increasing interest in crypto derivatives.

MOEX has reported that over 72,000 qualified investors have traded in its first digital asset-linked futures contracts since their launch last summer, with a total trading volume exceeding 600 billion rubles.