Moscow Exchange to add SOL, XRP, and TRX futures contracts to crypto derivatives lineup
Moscow Exchange plans to introduce cash-settled futures contracts for SOL, XRP, and TRX, based on ruble-settled indices for qualified investors.Summary
The Moscow Exchange (MOEX) intends to expand its cryptocurrency derivatives offerings by adding cash-settled futures contracts tied to Solana (SOL), XRP, and TRON (TRX). These new products will follow the existing model used for their Bitcoin and Ether futures, meaning they will be settled in Russian rubles and will not involve physical delivery of the underlying crypto assets. The contracts will be based on indices calculated for each token, which will serve as the underlying asset as required by current Russian regulations. Access to these new futures will be restricted exclusively to qualified investors. Furthermore, MOEX is considering introducing perpetual futures contracts for Bitcoin and Ether, which lack an expiry date. This development occurs while Russia continues to work on comprehensive crypto regulations, despite the financial sector being impacted by sanctions related to the conflict in Ukraine.
(Source：CoinDesk)