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Moscow Exchange will launch five perpetual crypto futures on Sept. 22 as Russia expands regulated digital-asset trading.
The new contracts will track Bitcoin, Ether, Solana, XRP and Tron indexes. MOEX will restrict the products to qualified investors and settle them financially in Russian rubles.
Crypto News: MOEX Adds Five Perpetual Crypto Futures
MOEX will introduce BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF and TRXUSDF under its new perpetual futures lineup. Each contract will track a separate Moscow Exchange crypto index covering Bitcoin, Ether, Solana, XRP or Tron.
The exchange designed the products as one-day futures with automatic rollover, allowing investors to maintain exposure without moving into a standard monthly contract. MOEX updates the relevant crypto benchmarks throughout the trading period using prices from major cryptocurrency exchanges.
The new products will join MOEX’s existing monthly futures tied to the same five crypto indexes. Bitcoin and Ether index futures started trading in November 2025, while Solana, XRP and Tron contracts followed in May 2026.
MOEX now plans to add the perpetual format as demand for digital-asset derivatives grows among eligible market participants. BNB has a MOEX index but does not appear in the five-contract perpetual launch.
Contracts Settle in Rubles Without Crypto Delivery
MOEX will quote each contract in U.S. dollars using the value of its related crypto index, but the exchange will settle gains and losses in Russian rubles. Investors will not receive Bitcoin, Ether, Solana, XRP or Tron when positions close.
Instead, MOEX will calculate the financial result through its derivatives clearing system. Changes in the dollar-ruble exchange rate can also affect the ruble value of a contract’s result.
The exchange will apply daily funding calculations to the contracts. MOEX set the K1 funding parameter at 0% and K2 at 0.35% under its published specifications. The five products will expand a perpetual futures range that already includes 31 contracts tied to currencies, indexes, government bonds, precious metals, and securities.
Investor Activity Tops 600 Billion Rubles
MOEX says more than 72,000 qualified investors have traded its crypto-related futures since the exchange entered the market in 2025. Their cumulative transaction volume has exceeded 600 billion rubles.
The figures show that crypto-linked derivatives have developed into a larger segment of the exchange’s futures business within roughly one year. MOEX reported an average daily crypto-futures turnover of 2.5 billion rubles during August.
The exchange first introduced a futures contract linked to BlackRock’s iShares Bitcoin Trust ETF in June 2025. It later added an Ether ETF-linked product and then moved into contracts based directly on its own cryptocurrency indexes. The September launch extends that structure to perpetual contracts across five major digital assets.
Qualified Investors Keep Exclusive Access
Russia’s regulatory framework continues to limit these exchange-traded crypto derivatives to qualified investors. The Bank of Russia said in May 2025 that financial institutions may offer qualified investors derivatives and other instruments linked to crypto prices as long as the products do not deliver cryptocurrency. MOEX follows that structure with cash-settled contracts and leaves final client access to brokers.
The restriction separates the futures market from direct cryptocurrency trading under Russia’s newer rules. Both qualified and non-qualified investors can now conduct direct crypto transactions through regulated intermediaries.
However, non-qualified investors face testing requirements and annual purchase limits, while qualified investors can trade without the same amount ceiling.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and derivatives trading involve substantial risk, including leverage and price volatility.
