Moscow Exchange plans to launch perpetual futures on crypto indexes on September 22, bringing regulated exposure to Bitcoin, Ether, Solana, XRP, and TRON. This is derivatives access—not direct spot crypto trading—and initially targets professional investors.

• Contracts will track indexes for five cryptocurrencies, with settlement designed through unified clearing.
• Foreign instruments may use “quasi-dollar” quotes while settling in rubles; local digital instruments remain ruble-denominated.
• Retail crypto access faces a 300,000-ruble annual limit through one intermediary, potentially prompting brokers to block non-professionals.

LaunchBar takeaway: Moscow is building a crypto derivatives gateway, but fragmented liquidity across exchanges could cap early depth. Watch basis, spreads, and institutional flow—not headline volume—when trading begins.