The Moscow Exchange intends to add futures contracts associated with Solana, XRP, and TRX to its list of cryptocurrency derivatives.
In order to create cash-settled futures priced in rubles, the exchange will first introduce indexes for the three coins. These products won’t entail direct cryptocurrency distribution and will only be accessible to eligible investors.
In accordance with Russian regulations, which mandate that derivatives refer to an underlying asset—in this case, published indices—MOEX currently offers Bitcoin and Ether futures.
In response to increased demand for more adaptable cryptocurrency trading tools, the exchange is also investigating perpetual futures for Ether and Bitcoin.
Russia has begun enforcing stricter laws pertaining to cryptocurrency, including plans to restrict retail purchases. The industry is still impacted by ongoing geopolitical tensions and sanctions.
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