Moscow Exchange is making significant strides in the digital asset space by expanding its offerings to include new indices and futures contracts for popular cryptocurrencies such as XRP, Solana, and TRON. This initiative, announced by Maria Silkina, head of the derivative products group, aims to provide traders with innovative tools for tracking price movements without the necessity of direct ownership. According to analysts cited in the report, the outlook is promising.
Introduction of New Futures Contracts
The introduction of these new futures contracts will be cash-settled and will comply with the regulations set forth by the Bank of Russia, with monthly settlements planned. This follows the exchange's existing benchmarks for Bitcoin and Ethereum, indicating a strategic move to enhance its cryptocurrency portfolio.
Future Offerings
In addition to the new contracts, the exchange is exploring the possibility of offering:
- perpetual futures
- options for Bitcoin
- options for Ethereum
This expansion is expected to improve price discovery for XRP, Solana, and TRON within the Russian market, potentially attracting institutional investors who have been cautious about entering the cryptocurrency space.
The Moscow Exchange recently launched futures contracts for popular cryptocurrencies, a move that complements its ongoing expansion into digital assets. For more details, see read more.
