TLDR
- Moscow Exchange will launch five crypto perpetual futures on September 22.
- The contracts will track Bitcoin, Ether, Solana, XRP, and Tron indexes.
- Only investors classified as qualified under Russian rules can access the products.
- The futures will use daily automatic rollover and settle financially in Russian rubles.
- Investors will gain crypto price exposure without taking possession of the underlying digital assets.
Moscow Exchange will launch perpetual-style futures tied to five cryptocurrencies on September 22. The contracts will give qualified Russian investors regulated exposure to Bitcoin, Ether, Solana, XRP, and Tron without delivering the tokens. The exchange announced the products on September 16 as it expands its crypto derivatives market. The move expands the exchange’s digital asset offering while keeping settlement inside Russia’s financial system.
Moscow Exchange Adds Five Crypto Contracts
The new futures will track Moscow Exchange indexes for the five cryptocurrencies. Investors will trade the contracts in U.S. dollar terms, while final financial settlement will take place in Russian rubles.
Each contract will operate as a one-day futures product with automatic daily rollover. This structure will allow traders to keep positions open without manually replacing expiring contracts. Variation margin and funding adjustments will help keep prices aligned with the reference indexes.
Moscow Exchange will limit the new contracts to investors who qualify under Russian rules. The products will not provide direct ownership of Bitcoin, Ether, Solana, XRP or Tron.
Russia has continued to restrict cryptocurrency use for domestic payments while allowing more regulated investment products. In 2025, the Bank of Russia allowed financial firms to offer certain crypto-linked instruments to qualified investors if they did not deliver the underlying assets.
Crypto Futures Trading Gains Traction
The exchange launched its first Bitcoin-linked futures in June 2025 and later added Ether contracts. Since then, more than 72,000 qualified investors have traded its crypto futures products.
Cumulative turnover has passed 600 billion rubles, according to Moscow Exchange. The new perpetual contracts will extend a product structure that Moscow Exchange already applies to currencies, equities, metals, indexes and government bonds.
Moscow Exchange currently offers 31 perpetual futures across several asset classes. The September rollout will bring the same format to a broader range of cryptocurrency-linked products.
The contracts differ from many offshore crypto perpetuals, which may use high leverage and settle in cryptocurrencies or stablecoins. MOEX will use exchange-based indexes, regulated clearing, and ruble settlement. Investors can use the contracts to trade price changes or manage exposure without moving coins through wallets or platforms. The launch gives professional investors another way to trade crypto price movements within Russia’s existing financial market framework.
