Moscow Exchange to List Futures for Solana, XRP, and Others

Key Insights

• A Moscow Exchange executive has disclosed plans for the exchange to launch futures on SOL, TRON, and XRP.
• The exchange wants to expand its crypto offerings beyond Bitcoin and Ethereum and is also considering Perptuals.
• Russia is Europe’s largest crypto market and is preparing to pass a crypto law this year.

Moscow Exchange (MOEX) is planning to list futures contracts for  Solana, TRON, and XRP according to a new report from local media RBC. The move could see the foremost Russian exchange expand its crypto offering, which already includes Bitcoin and Ethereum.

According to the report, the exchange wants to list indices for the three cryptocurrencies before launching the futures contracts.

MOEX Executive Reveal Plans for Expanded Crypto Offering

The exchange’s chief manager for the Derivatives Product Group, Maria Silkina, disclosed the plans during an interview on the RBC radio program, Investment Hour.

According to her, the exchange would need to introduce new crypto indices that reflect the prices of the crypto assets. It is only after it has done this that it can proceed to launch futures contracts for the products.

She explained:

“We are developing MOEX crypto indices; we calculate them according to methodology, and they are disclosed on the website. A future cannot be launched without a base asset. Naturally, indices must appear, they must be calculated and published, and only after that can the future appear. Otherwise, a future cannot exist.”

Silkina added that the three cryptocurrencies are just a tip of the iceberg as the exchange wants to expand its crypto pairings. However, it will start with the top names before deciding which other crypto assets to add.

Similar to the existing Bitcoin and Ethereum futures, the new products will also be settled strictly in cash. This is in line with the Bank of Russia regulations.

Interestingly, the Moscow Exchange is also considering introducing perpetual futures and options for Bitcoin and Ethereum. Silkina stated that the plan is to add these products later, gradually.

Russia Crypto Sector Continues Expansion

MOEX’s planned introduction of new products highlights the booming crypto sector in Russia. According to Chainalysis’ report, the country leads Europe in crypto adoption in 2025, with over $376 million in trading volume between July 2024 and June 2025.

The adoption has been happening in the absence of an established crypto framework, which could change soon. Already, products such as crypto futures are accessible only to qualified investors, and the country bans the use of crypto for domestic payments.

However, deliberations in the State Duma on crypto legislation could take effect this year. Under the proposed law, Russia classifies crypto investors into qualified and unqualified. Unqualified investors, most likely retail investors, face restrictions, including a limit of 300,000 rubles ($4,000) in crypto per year.

There are other limitations, such as restricting them to approved crypto assets and licensed intermediaries, and the requirement to pass mandatory testing. Even the qualified investors must take a test to determine their risk understanding, and privacy-focused tokens are banned.

While the law is not yet in force, local exchanges are already preparing for it. Moscow and St. Petersburg exchanges plan to launch crypto trading once the law is in place.

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