Moscow Exchange Launches Bitcoin Derivatives
The Moscow Exchange has launched a new trading option for accredited investors: cash-settled bitcoin futures. These contracts, linked to BlackRock’s IBIT ETF and quoted in U.S. dollars but settled in Russian rubles, will expire in September 2025. While the futures are based on IBIT, they are not direct shares of the ETF but derivatives. This move follows permission from the Bank of Russia for financial institutions to offer crypto-based derivatives to qualified investors. Plans are also underway for a state-backed crypto trading platform for professional investors, highlighting increasing institutional interest in blockchain despite regulatory challenges.
FAQ
❓ What are the settlement details for these bitcoin futures?
The contracts are quoted in U.S. dollars and settled in Russian rubles, expiring in September 2025.
❓ Who can trade these bitcoin futures?
Currently, only accredited investors qualify to trade these futures on the Moscow Exchange.
❓ What is the IBIT ETF?
IBIT is a U.S.-listed spot bitcoin exchange-traded fund issued by BlackRock.