The Moscow Exchange (MOEX) is set to enhance its cryptocurrency derivatives market with the anticipated launch of futures linked to Solana (SOL), Ripple (XRP), and Tron (TRX) by the year 2026. This development was confirmed by Maria Silkina, who oversees the derivatives products division at the exchange.
The roadmap indicates that the exchange will first create three new crypto indices to monitor the price movements of SOL, XRP, and TRX. These indices will form the basis for the upcoming contracts. Currently, MOEX operates indices for Bitcoin and Ethereum, utilizing an established methodology, and trades monthly futures on both cryptocurrencies.
The forthcoming contracts will mirror the existing structure of cash settlement, which means there will be no physical delivery of the tokens, and they will feature monthly expiration dates. This approach aligns with the regulations set forth by the Bank of Russia. As it stands, these new financial instruments will be made accessible solely to qualified investors.
In addition to the futures, MOEX is also exploring the possibility of introducing perpetual futures and options based on the same indices. These perpetual futures would be designed as one-day contracts that automatically roll over, employing the same benchmarks as the monthly futures.
The expansion of the exchange”s crypto derivatives offerings will occur gradually, prioritizing pairs with the largest market capitalizations.
