Exchange Expands Crypto Benchmarks
The new indices will be traded under the codes MOEXSOL, MOEXXRP, MOEXTRX, and MOEXBNB. These indices will join the existing Bitcoin and Ethereum benchmarks, bringing the total to six cryptocurrency indices.
To calculate prices, the exchange will rely on weighted data from multiple platforms. Binance will provide 50% of the data, followed by Bybit at 20%. Meanwhile, OKX and Bitget will each contribute 15% of the data. This allocation reflects the trading activity of major crypto exchanges.
Update Frequency and Market Structure Changes
Starting from May 13, all crypto indices will be updated every 15 seconds, replacing the current model of daily updates. Notably, the exchange will also expand the update frequency during weekend periods. This change ensures that the indices remain aligned with ongoing crypto market activities.
As early as mid-2025, the Moscow Exchange launched its Bitcoin index, followed by the Ethereum index later that same year. These products marked its initial foray into crypto-related financial instruments.
Derivatives Strategy and Regulatory Framework
These contracts track price fluctuations without delivering the underlying assets. This structure follows the guidelines issued by the Central Bank of Russia in May 2025. The central bank allows professional investors to use crypto-related derivatives but restricts direct asset delivery. Therefore, the exchange focuses on cash-settled instruments.
Looking ahead, the Moscow Exchange plans to launch direct crypto trading in early 2027. Additionally, a legal framework for digital assets is expected to be established by July 2026.