Moscow Exchange (MOEX) plans to launch futures contracts tied to Solana (SOL), Ripple (XRP) and Tron (TRX) in 2026, expanding its crypto derivatives lineup. MOEX already calculates and trades monthly cash-settled futures based on Bitcoin and Ethereum indices and will develop three new crypto indices reflecting price dynamics for Solana, Ripple and Tron to serve as benchmarks for the new contracts.
The contracts are expected to be cash-settled with monthly expirations, accessible to qualified investors under law, and MOEX is also evaluating perpetual futures and options on the same indices.
The Moscow Exchange (MOEX) is set to broaden its crypto derivatives offerings by developing three new crypto indices for Solana (SOL), Ripple (XRP), and Tron (TRX), which will underpin the scheduled futures contracts. These indices will closely track the price movements of each cryptocurrency in real-time. The futures based on these indices will be cash-settled, meaning that when the contract expires, the difference between the price at expiration and the contract price is settled in cash. This approach avoids the complexities of physical delivery of the underlying cryptos.
These futures will have monthly expiration dates, allowing for continuous turnover and fresh market positioning by investors. However, accessibility to these futures is confined to qualified investors, in line with current Russian legislation, which imposes certain criteria for market participation. MOEX’s initiative to introduce these futures demonstrates a strategic move to cater to growing interest while adhering to regulatory standards.
Moscow Exchange (MOEX) is evaluating the introduction of perpetual futures and options on the same indices used for their monthly futures contracts. These new financial products will be added gradually, reflecting a strategic expansion in the crypto derivatives market. The regulatory context in Russia is pivotal to this development, as the State Duma plans to finalize legislation by July 1, 2026. This legislation aims to establish a two-tier crypto access system, with investment restrictions for non-qualified investors capped at 300,000 rubles annually, while allowing unlimited investment for qualified investors.
In addition, the Bank of Russia views digital currencies and stablecoins as tradable currency assets, yet simultaneously enforces restrictions on domestic payments using these assets. Such regulatory frameworks are integral to MOEX’s future plans as they navigate through the complexities of expanding their offerings in alignment with evolving Russian law.
Moscow Exchange is expanding its crypto derivatives lineup to include futures contracts for Solana, Ripple and Tron. The exchange is pursuing additional product additions, including further derivatives, while operating within Russia’s existing regulatory framework. Access and deployment of these products will follow applicable regulatory requirements and market participant eligibility rules.
