According to BlockBeats, the Moscow Exchange is preparing to launch futures contracts based on a Bitcoin index, following the introduction of Bitcoin futures on June 4. Vladimir Krekoten, the Managing Director of the exchange, stated that the growing market enthusiasm has prompted the exchange to expedite the release of more cryptocurrency derivatives. The exchange is currently in discussions with asset management companies to introduce crypto index mutual funds and structured bonds, pending regulatory approval.
The exchange has developed a new Bitcoin index to serve as the underlying asset for these derivatives, with calculations starting on June 10. The first Bitcoin futures offered by the platform, linked to the BlackRock IBIT ETF and settled in rubles, have seen a cumulative trading volume of 7 billion rubles (approximately $89.45 million) over three weeks, attracting more than 10,000 qualified investors.
