Pushed by excessive demand, the amount of cryptocurrency futures traded on the Moscow Alternate has reached an all-time excessive in November.
The information comes as Russia prepares to broaden investor entry to derivatives primarily based on digital property and permit issuers to hyperlink them on to cryptocurrencies.
MOEX registers report excessive crypto futures quantity
The crypto futures buying and selling quantity on Moscow Alternate (MOEX) approached 49 billion rubles final month, Russia’s largest inventory market introduced, quoted by native media.
Excessive volatility in cryptocurrency markets contributed to the elevated curiosity amongst Russian certified traders, the buying and selling platform’s press service defined, detailing:
“Consequently, the buying and selling quantity of such futures in November reached an all-time excessive for the reason that contracts had been launched, amounting to 48.7 billion rubles ($636 million).”
In keeping with a report by the TASS information company, MOEX additionally stated the full buying and selling quantity on its derivatives market, as a complete, reached 11.7 trillion rubles, as of the top of the month, a 15.8% enhance in comparison with November 2024.
The quantity of the open positions in its exchange-traded derivatives market stood at greater than 2.7 trillion rubles, up 22.7% over the identical interval of final yr.
Greater than 135,000 shoppers traded futures and choices on the change, and personal people accounted for nearly 55% of the full buying and selling quantity in exchange-traded derivatives.
Commodity futures had the biggest share of their trades, nearly 44%, adopted by index and inventory derivatives, with somewhat over 31%, and forex derivatives with round 25%.
Russia’s crypto funding market prepares for progress
The report from MOEX comes as Russian authorities put together to totally legalize and regulate crypto investments within the coming months.
The outgoing yr introduced vital modifications within the attitudes of economic regulators in Moscow in the direction of the nascent market.
First, in March, the Central Financial institution of Russia (CBR) proposed a three-year “experimental authorized regime” (ELR) for crypto transactions, together with investments.
The association permits Russian corporations concerned in cross-border commerce to make use of cryptocurrencies for worldwide settlements. It additionally grants skilled traders entry to the digital property.
Then, in Could, the financial authority allowed monetary corporations to supply crypto derivatives to the identical class of “extremely certified” traders.
These devices are presently primarily based primarily on international crypto indices and exchange-traded funds (ETFs), however the financial institution’s newest plan is to allow merchandise immediately linked to digital cash.
The Moscow Alternate was among the many first to announce a Bitcoin futures contract primarily based on a fund monitoring the value of Bitcoin (BTC), BlackRock’s iShares Bitcoin Belief ETF (IBIT), again in June. Final month, MOEX launched crypto index futures as nicely, together with on Ethereum (ETH).
The CBR has additionally indicated it intends to authorize industrial banks to function with cryptocurrencies and let mutual funds spend money on crypto property.
In October, the regulator urged lawmakers to undertake laws tailor-made to manage crypto investments exterior the restrictive ELR.
Final week, it confirmed it’s discussing easing the necessities for traders with the Ministry of Finance, which is able to add extra individuals to the market.
In late November, the Financial institution of Russia estimated that family investments in Russian crypto derivatives had reached 3.7 billion rubles (nearly $47.3 million) in Q2 and Q3 of 2025. It concluded that this degree poses no threat to the nation’s monetary stability.
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