Moscow Exchange Announces New Futures for Solana, XRP, and Tron

TLDR

• Moscow Exchange is set to launch cash-settled futures contracts for Solana, XRP, and Tron.
• The exchange will first introduce indices for these altcoins before rolling out futures contracts.
• The futures contracts will be settled in rubles and will not involve physical delivery of the cryptocurrencies.
• Moscow Exchange already offers similar futures products for Bitcoin and Ethereum.
• The new futures contracts will be available exclusively to qualified investors under Russian regulations.

The Moscow Exchange (MOEX) plans to introduce cash-settled futures contracts for three prominent altcoins: Solana (SOL), Ripple (XRP), and Tron (TRX). These new products will complement the exchange’s existing offerings tied to Bitcoin (BTC) and Ethereum (ETH). Initially, MOEX will introduce indices for these altcoins, followed by ruble-settled futures contracts, which will be available to qualified investors.

Solana Futures to Be Introduced by Moscow Exchange

The Moscow Exchange is preparing to launch futures contracts for Solana, following the release of indices for the coin. The exchange aims to replicate its success with Bitcoin and Ethereum futures. These new Solana products will be cash-settled, meaning there will be no physical delivery of the digital asset.

MOEX’s strategy mirrors its approach with Bitcoin and Ethereum, offering futures tied to published indices for each asset. The Solana futures will adhere to Russian regulations, which require derivatives to be linked to an underlying asset. As with other crypto futures products, these will be available only to qualified investors in the Russian market.

XRP Futures to Expand Moscow Exchange’s Offerings

MOEX also plans to offer futures contracts based on Ripple’s XRP. These futures will follow the same structure as the Solana futures, beginning with indices for XRP. The futures contracts will be cash-settled in rubles, with no physical delivery of the underlying cryptocurrency.

The move comes as part of a broader effort by the Moscow Exchange to expand its cryptocurrency derivatives market. The exchange already calculates indices for Bitcoin and Ethereum, and XRP will be the third altcoin to be added to its offerings. Similar to Solana, XRP futures will comply with Russian regulations that require derivatives to be linked to underlying indices.

Tron Futures to Join Moscow Exchange’s Crypto Product Range

The Moscow Exchange is also introducing futures contracts for Tron (TRX), adding the popular altcoin to its portfolio of cryptocurrency futures. As with Solana and XRP, MOEX will initially launch indices for Tron before offering futures contracts. The futures will be settled in rubles, and there will be no physical delivery of the asset.

This move signals MOEX’s commitment to expanding its cryptocurrency offerings despite ongoing regulatory challenges in Russia. The introduction of Tron futures follows the exchange’s successful rollouts of Bitcoin and Ethereum futures. The launch of these products aligns with Russia’s evolving stance on cryptocurrency regulation, which includes plans to allow more widespread access to crypto investments in the future.

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