Moscow Exchange launches 5 crypto futures, BitMEX closes September 23
- —Moscow Exchange launches BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF, TRXUSDF futures from September 22
- —Contracts are cash-settled, priced in dollars, settled in rubles, available only to qualified investors
- —Since last year, 72,000 investors have traded on the Moscow Exchange, with turnover exceeding 600 billion rubles
- —BitMEX closes on September 23; since August 26 only position reduction is allowed
Why it matters: The launch expands Russians' access to crypto derivatives, while BitMEX's exit reduces the number of major offshore venues for leveraged trading.
Source: TokenPost