Vladimir Krekoten, Managing Director of the Moscow Exchange, announced significant advancements in the exchange’s cryptocurrency offerings following the successful launch of Bitcoin futures on June 4th. The exchange is now preparing to roll out futures contracts tied to a newly developed Bitcoin index, alongside plans for a cryptocurrency index fund and structured bonds, pending regulatory clearance. This strategic move reflects growing market demand and investor interest in diversified crypto derivatives.
The Moscow Exchange has initiated calculations for its proprietary Bitcoin index as of June 10th, which will serve as the foundational asset for upcoming derivative products. Early trading data highlights robust engagement, with the initial Bitcoin futures linked to the BBA IBIT ETF and settled in rubles generating a trading volume exceeding 7 billion rubles (approximately $89.45 million) within just three weeks. This volume was driven by participation from over 10,000 qualified investors, underscoring the expanding appetite for regulated crypto financial instruments in Russia.
Ongoing negotiations with asset management firms aim to facilitate the launch of a cryptocurrency index mutual fund and structured bonds, contingent upon obtaining necessary regulatory approvals. These initiatives are poised to enhance the Moscow Exchange’s product suite, offering investors diversified exposure to the evolving digital asset landscape while adhering to compliance frameworks.