Moscow Exchange launched Bitcoin
-Linked futures contract on Wednesday, yet the product is only available for qualified investors.
The futures, which seem to be tied to the value of the listed Ishares Bitcoin Trust ETF (IBIT), will be quoted in the US dollar every crowd, even if the settlement will handle Russia’s rubles.
The exchange said it would offer quarterly futures in the first expiry of September 2025, TASS reports.
The launch builds momentum from other Russian financial players who explores the crypto exposure without direct ownership. Saint Petersburg Stock Exchange, Tass added, tests similar cash-settled futures.
The country’s largest bank sberbank is Launching Bitcoin Futures Includes the Moscow exchange. Sberbank’s offerings also include structural structures that monitor the price of Bitcoin and the dollar-to-ruble exchange rate.
The central bank of Russia, long -term in the crypto markets, Approved last month Offering security and derivatives tied to cryptocurrencies, but only for qualified investors.
