Moscow Exchange to Launch Bitcoin Index Futures – Coincu

Moscow Exchange, led by Managing Director Vladimir Krekoten, announced that its Bitcoin index futures will be launched soon while preparing crypto index mutual funds and structured bonds.

The new financial products reflect a growing interest in cryptocurrency derivatives, with over 10,000 qualified investors participating in recent trading activities.

Moscow Exchange Accelerates Crypto Product Offerings

Following the June 4 launch of Bitcoin futures, the Moscow Exchange is accelerating its range of crypto products, including Bitcoin index futures and crypto index mutual funds. Managing Director Vladimir Krekoten highlighted the increased demand that led to this expansion. Significant collaborations are underway with asset management companies to facilitate these offerings. Approval by regulatory authorities is pending for their execution.

The introduction of new crypto derivatives aims to broaden access for institutional investors within Russia. This is supported by a robust infrastructure developed by the exchange, with plans to roll out these financial products once regulatory clearance is obtained. Sberbank and other entities have shown strong involvement in structured bonds linked to Bitcoin.

Market reactions to the Moscow Exchange’s actions have been generally positive. Qualified investors have engaged actively, contributing to over 7 billion rubles in trading volume within a few weeks. As Vladimir Krekoten, Managing Director of Moscow Exchange, stated, “Since then, the trading volume has amounted to a total of almost 7 billion rubles. Over 10,000 qualified investors have made transactions with it.”

Bitcoin Futures Trading: High Volumes and Market Insights

Did you know? Russia’s first foray into Bitcoin futures led by the Moscow Exchange has aligned with similar global trends, echoing the early days of CME’s introduction in the U.S., which sparked increased trading volumes and institutional interest.

CoinMarketCap reports that Bitcoin (BTC) is experiencing a current price of $107,070.63 with a market cap of $2.13 trillion. Bitcoin’s market dominance stands at 64.97%, and its 24-hour trading volume reached $50.24 billion, albeit experiencing a slight -0.64% change in price during the past day.

Insights from the Coincu research team suggest that the Moscow Exchange’s initiatives may catalyze growth in the retail and institutional markets. Experts note that such moves can enhance liquidity and bring legitimacy to the crypto sector, given the attention from regulated financial ecosystems.