Moscow Exchange, led by Vladimir Krekoten, has announced the imminent launch of Bitcoin index futures alongside preparations for crypto mutual funds. These new financial products are awaiting approval from regulatory authorities.
Expansion of Moscow Exchange Offerings
Following the June 4 launch of Bitcoin futures, the Moscow Exchange is accelerating its range of crypto offerings. Managing Director Vladimir Krekoten emphasized the increased demand leading to this expansion. Significant collaborations with asset management firms are underway to facilitate these offerings. Execution depends on the pending regulatory approval.
Bitcoin Futures Trading
The initial Bitcoin futures have drawn significant market interest, evidenced by the active participation of over 10,000 qualified investors. Trading volume has reached nearly 7 billion rubles. As Vladimir Krekoten noted, "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."
Impacts and Future Prospects of New Products
Moscow Exchange's initiatives may catalyze growth in both retail and institutional segments. Experts point out that such moves could enhance liquidity and bring legitimacy to the crypto sector, given the attention from regulated financial ecosystems.
The announcement by Moscow Exchange regarding the launch of new financial products, including Bitcoin futures and crypto mutual funds, highlights the growing interest in cryptocurrency derivatives and may represent a significant step forward for the market in Russia.
