Moscow Exchange launched Bitcoin
-The term contracts linked Wednesday, but the product is only available for qualified investors.
The future, apparently linked to the value of the Ishars Bitcoin Trust ETF (Ibit), listed in US dollars by lot, although the regulations are managed in Russian rubles.
The exchange said that he would offer quarterly term contracts with the first expiration in September 2025, reports Tass.
The launch is based on the momentum of other Russian financial players exploring the exposure to cryptography without direct asset property. The St. Petersburg Stock Exchange, adds Tass, has tested a long-term contracts on similar money.
The largest bank in the Sberbank country is launching a bitcoin contract with Moscow Exchange. Sberbank’s offers also include structure obligations that follow the price of bitcoin and the exchange rate of the dollar to Ruble.
The Central Bank of Russia, a long skeptical on the cryptographic markets, approved last month the offer of securities and derivatives linked to cryptocurrencies, but only for qualified investors.
