The Moscow Exchange has launched bitcoin BTC-linked futures contracts on Wednesday, yet the product is only available for qualified investors.
The futures, seemingly tied to the value of the U.S.-listed iShares Bitcoin Trust ETF (IBIT), will be quoted in U.S. dollars per lot, though settlement will be handled in Russian rubles.
The exchange said it would offer quarterly futures with the first expiration in September 2025, TASS reports.
The launch builds on momentum from other Russian financial players exploring crypto exposure without direct asset ownership. The Saint Petersburg Stock Exchange, TASS adds, has been testing similar cash-settled futures.
The country’s largest bank Sberbank is launching bitcoin futures along with the Moscow Exchange. Sberbank’s offerings also include structure bonds that track the price of bitcoin and the dollar-to-ruble exchange rate.
Russia’s central bank, long skeptical of crypto markets, approved last month the offering of securities and derivatives tied to cryptocurrencies, but only for qualified investors.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin Magazine Strategy Skips Bitcoin Again, Buys Back $25M of STRC Stock Bitcoin treasury Strategy…
The Ethereum treasury company added nearly 10,000 ETH while expanding its stock buyback, citing ether…
The put/call ratio has fallen to about 0.52 from 0.76 in late June, and one-week…
The vast majority of the activity was concentrated in BlackRock’s IBIT product accounting for nearly…
Your day-ahead look for July 27, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
CoinEx's Jeff Ko sees bitcoin staying range-bound near $65,000 while retreating oil, a 4.7% 10-year…