🇷🇺 Russia's Moscow Stock Exchange launches Bitcoin futures trading.

Russia's Moscow Stock Exchange has indeed launched Bitcoin futures trading, specifically a Bitcoin futures contract tied to the price of BlackRock's iShares Bitcoin Trust ETF (IBIT). This move follows the Central Bank of Russia's decision to legalize crypto derivatives. Here are some key details:

The digital currency quote will be expressed in US dollars per lot, with settlements made in Russian rubles. Trading began on June 4, and the futures will expire in September.

Other Russian exchanges, like the St. Petersburg Exchange, are also planning to commence trading of futures tied to cryptocurrency values. Major banks such as Sberbank and VTB are offering crypto-linked structured bonds and other exchange-traded instruments providing exposure to cryptocurrency.

These products are currently available to "highly qualified investors," who must prove investments in securities or deposits exceeding 100 million rubles ($1.25 million) and 50 million rubles in annual income.

This development could potentially increase investor interest in cryptocurrencies and provide new opportunities for diversification and risk hedging.

Current Bitcoin prices are around $105,125.77, with a slight decrease of 0.12%.#MyCOSTrade $BTC