Moscow Exchange to Launch Perpetual Futures on Bitcoin, Ether, Solana, XRP and Tron

Russia’s Moscow Exchange (MOEX) said on 16 September that it will begin trading perpetual futures on five cryptocurrency indices on 22 September, widening a crypto derivatives line that has so far been limited to a single Bitcoin contract.

The new instruments, covering Bitcoin, Ether, Solana, Ripple’s XRP and Tron, will be open only to qualified investors and are cash-settled with no delivery of the underlying asset, according to the exchange’s announcement.

Five contracts with auto-rollover and ruble settlement The perpetual contracts are listed as BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF and TRXUSDF, each tracking a corresponding MOEX index under the codes MOEXBTC, MOEXETH, MOEXSOL, MOEXXRP and MOEXTRX. They are quoted in U.S.

dollars as the value of the underlying index but settle in Russian rubles, with funding calculated using parameters of K1 equal to 0% and K2 equal to 0.35%.