On June 4, 2025, the Moscow Exchange (Russia) officially launched Bitcoin Futures Contract, marking a new step in developing derivatives related to cryptoassets in the Russian market. This IBIT Futures Contract is exclusively for qualified investors, ensuring professionalism and minimizing uncontrolled risks. Notably, these contracts are priced in USD but settled in rubles, creating a unique combination of global currency value and domestic market.
This derivative product is based on the Bitcoin Trust ETF price index, with trading units converted to USD per contract, but ultimately settled in rubles. The first contract batch will mature in September 2025, providing investors with flexible contract trading opportunities. Launching this futures contract not only increases liquidation for the cryptoasset market in Russia but also demonstrates the growing financial sector's interest in cryptoasset-related derivative financial products.
Previously, the Russian Central Bank had licensed financial institutions to provide cryptoasset-related derivative products for qualified investors. However, the agency still recommends limiting or avoiding direct investment in cryptoassets due to high volatility and existing legal risks. This policy aims to create a balanced investment environment, protecting investors from potential risks while simultaneously promoting the development of legal derivatives in the financial and cryptoasset sectors.
The launch of Bitcoin Futures Contract at the Moscow Exchange is evidence of the gradual integration of traditional financial markets with the digital asset era. The product not only expands portfolio diversification opportunities but also facilitates investor participation in the cryptoasset market within a clear and transparent legal framework. This is also a strategic move to consolidate Russia's position on the global cryptoasset financial map while enhancing professional investors' awareness and trust in digital derivative instruments.
