XRP Officially Listed on Moscow Exchange...Perpetual Futures Trading Opens on September 22

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The Moscow Exchange (MOEX), Russia's largest stock exchange, is expanding its virtual asset derivatives lineup by officially introducing XRP perpetual futures contracts.

According to cryptocurrency media outlet The Crypto Basic on September 17 (local time), the Moscow Exchange will launch perpetual futures products based on five major virtual assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Tron (TRX), starting from September 22. The trading structure follows the exchange's own price index, and trading is only permitted for qualified investors who meet Russian regulatory standards.

The derivatives being listed are cash-settled perpetual futures that apply a 1-day maturity automatic rollover method. Contract prices are denominated in US dollars, but actual settlements are made in Russian rubles. Investors can implement investment and hedging strategies based on price fluctuations within an authorized institutional exchange without holding actual cryptocurrencies in personal wallets.

The enthusiasm of Russian institutional investors for virtual asset derivatives participation is rapidly growing. According to the Moscow Exchange, over 72,000 qualified investors have already traded the exchange's virtual asset-linked futures. Since its initial launch last summer, the cumulative trading volume has exceeded 600 billion rubles.

The market analyzes that this product launch is intertwined with Russia's move to integrate virtual asset-based financial infrastructure into the institutional framework amidst international sanctions. With major altcoins such as XRP and Solana officially incorporated into the institutional derivatives market, which was previously centered on Bitcoin and Ethereum, institutional capital accessibility and market liquidity are expected to further expand.

[Article Summary]

-The Moscow Exchange will launch perpetual futures for five major virtual assets, including XRP, for qualified investors on September 22.

-It is a cash-settled product with dollar denomination and ruble settlement, allowing trading without holding physical coins.

-With cumulative trading volume exceeding 600 billion rubles, the institutional entry of major altcoins is accelerating.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*