The main market for stocks in Russia, the Moscow Exchange (MOEX), will launch indices for another four cryptocurrencies this month, including those of Ripple and Binance.
The platform already publishes indices for Bitcoin and Ethereum and plans to expand the list further by adding altcoins like Dogecoin and Cardano. It uses the indices to issue crypto derivatives.
Moscow Exchange to offer more indices for major cryptocurrencies
Russia’s leading trading venue for equities, bonds, and derivatives will introduce indices for Solana ($SOL), Ripple’s $XRP, Tron ($TRX), and Binance’s BNB.
They will reflect the performance of the digital currencies and will have the tickers MOEXSOL, MOEXXRP, MOEXTRX, and MOEXBNB, the Moscow Exchange announced Monday.
The indices will be launched on May 13, according to a statement quoted by the dailies Kommersant and Vedomosti as well as the crypto news outlet Bits.media.
Data from some of the top global crypto exchanges – Binance (50%), Bybit (20%), OKX (15%), and Bitget (15%) – will be used to calculate them.
MOEX reminds it has been publishing indices for the two coins with the largest market cap – Bitcoin (MOEXBTC) and Ethereum (MOEXETH) – since June and October 2025, respectively.
The new additions will bring the total to six, but the stock market operator intends to ultimately increase their number to at least 10.
As per the business news portal RBC, these may include indices for some of the most popular altcoins such as Dogecoin, Cardano, Hyperliquid, and Chainlink.
Starting again from May 13, all crypto indices will be calculated every 15 seconds throughout the trading day and during additional weekend sessions.
This is currently done once daily, and each index is published no later than 6:00 pm Moscow time, the exchange also noted in the announcement on its website.
MOEX to be key player in Russia’s regulated crypto market
The Moscow Exchange is a major participant in Russia’s financial market, where it also trades fiat currencies, money market instruments, and commodities.
The platform is expected to become a leading player in the country’s cryptocurrency space, too, which is set to be legalized by the summer of this year.
Under the legislation based on the Bank of Russia’s regulatory concept released in December, traditional platforms like MOEX will be able to work with digital assets under their existing licenses.
The exchange unveiled its intentions to launch indices on $SOL, $XRP, and $TRX, as well as futures based on them, in February of this year.
At the time, it said it was considering issuing perpetual futures on Bitcoin and Ethereum, on top of the already traded monthly index futures on BTC and $ETH.
Russia’s central bank authorized financial firms to offer crypto derivatives to qualified investors last spring, and MOEX was among the first to do that.
The main requirement for such instruments was that they must not involve the actual delivery of the underlying digital assets.
The contracts currently traded on MOEX are based on its own Bitcoin and Ethereum indices or BlackRock’s iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA).
Russia’s upcoming rules aim to expand investor access to crypto assets, to include even non-qualified investors, although their purchases will be limited to less than $4,000 a year.
The new bill on “Digital Currency and Digital Rights,” which is already under review in the State Duma, the lower house of the Russian parliament, is expected to be adopted and enforced by July 1 at the latest.
Russia’s leading stock market hopes to begin direct trading of cryptocurrencies by early 2027. It’s likely to be followed by the country’s second-largest exchange, SBP, which is offering its own Bitcoin futures.
