Moscow’s exchange has launched Bitcoin
-The futures contracts linked on Wednesday, however, the product is only available for qualified investors.
Futures, apparently linked to the value of the ETF Bitcoin Trust of Ishares Bitcoin (Ibit) that quotes on the American list, will be cited in US dollars by lot, although the agreement will be handled in Russian rubles.
The exchange said that it would offer quarterly futures with the first expiration in September 2025, Tass reports.
The launch is based on the impulse of other Russian financial players that explore exposure to cryptography without the direct property of assets. The St. Petersburg Stock Exchange, adds Tass, has been testing similar futures with cash.
The largest bank in the country, Sberbank, is launching Bitcoin Futures along with the exchange of Moscow. Sberbank offers also include structure bonds that track the price of Bitcoin and the dollar exchange rate.
The Central Bank of Russia, a long skeptic of cryptographic markets, approved last month the offer of values and derivatives linked to cryptocurrencies, but only for qualified investors.
