- MOEX will launch BTC, ETH, SOL, XRP and TRX perpetual futures on September 22.
- The contracts will be open only to qualified investors and settled in Russian rubles.
- Investors can gain crypto price exposure without holding the assets directly.
Moscow Exchange (MOEX), Russia’s largest exchange, plans to launch perpetual futures tied to Bitcoin, Ethereum, Solana, XRP, and Tron. The new contracts will start trading on September 22, 2026, and will only be available to qualified investors.
The futures will be cash-settled, so investors will not actually receive or own the cryptocurrencies. Instead, the contracts will follow MOEX’s crypto indices, allowing investors to profit from changes in crypto prices without directly holding BTC, ETH, SOL, XRP, or TRX.
Five Crypto Contracts
The new contracts will carry the following codes and underlying indices:
- BTCUSDF for Bitcoin
- ETHUSDF for Ethereum
- SOLUSDF for Solana
- XRPUSDF for XRP
- TRXUSDF for Tron
While the contracts will be quoted in U.S. dollars based on the value of their respective indices, settlements will be in Russian rubles.
MOEX will also use a funding mechanism for these perpetual contracts. The exchange says the funding parameters, K1 and K2, will be set at 0% and 0.35%.
These new products will join MOEX’s existing perpetual futures, which cover currencies, stock indexes, government bonds, precious metals, and Russian and foreign securities.
Demand for Crypto Products
MOEX said demand for crypto-related futures has grown since it launched its first crypto futures last summer. More than 72,000 qualified investors have traded these products, with total trading volume exceeding 600 billion Russian rubles.
Maria Patrikeeva, Managing Director of MOEX’s Derivatives Market, said the new contracts were launched in response to growing investor demand. She said the products give investors exposure to crypto prices through Russia’s regulated financial system, without requiring direct ownership of digital assets.
The launch highlights how traditional financial institutions are expanding crypto exposure through regulated derivatives rather than direct ownership. For investors, it reflects growing demand for crypto-linked products within established markets, even as access remains limited to qualified participants.
Related: Russia Links Regulated Crypto Accounts to Tax IDs—What Users Need to Know
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