Moscow Exchange (MOEX), Russia's largest stock exchange, is preparing to launch perpetual futures linked to its Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and TRON (TRX) indices on September 22.

The new contracts will be quoted in U.S. dollars but settled in Russian rubles, and no delivery of the underlying cryptocurrencies will take place. According to MOEX, cumulative trading volume in crypto-linked futures has already surpassed RUB 600 billion since the exchange introduced its first products last summer.

Ruble-Settled Contracts for Qualified Investors

The five perpetual futures will track MOEX's own indices tied to BTC, ETH, SOL, XRP and TRX, a lineup that spans the two largest cryptocurrencies by market value along with three other widely traded tokens. The products will be available only to qualified investors, consistent with the exchange's existing crypto-linked offerings and in line with the tight limits Russian regulators place on retail participation in the crypto market.

Unlike direct cryptocurrency trading, investors will not receive or hold the underlying digital assets through these contracts. The USD-quoted, ruble-settled structure gives eligible investors exposure to crypto price movements without requiring them to take custody of digital currencies.

Because there is no physical delivery, the contracts function as financial instruments tied to crypto indices rather than direct purchases of BTC, ETH or other tokens. Perpetual futures also differ from traditional dated contracts in that they carry no fixed expiry, allowing positions to remain open indefinitely. First introduced by crypto trading platforms, the format has grown into one of the most heavily traded contract types in digital-asset markets, and its arrival on MOEX brings it into a traditional listed-exchange setting.

The September 22 launch will expand the range of cryptocurrency-linked products available through MOEX.

The upcoming launch was also highlighted in a post by Wu Blockchain on X:

Russia's Largest Stock Exchange MOEX to Launch Crypto Perpetual Futures on BTC, ETH, SOL, XRP and TRX Moscow Exchange (MOEX), Russia's largest stock exchange, will perpetual futures linked to its BTC, ETH, SOL, XRP and TRX indices on September 22. The contracts will be… pic.twitter.com/fLIj9wogsF
— Wu Blockchain (@WuBlockchain) September 17, 2026

Crypto Futures Volume Tops RUB 600 Billion

MOEX said more than 72,000 qualified investors have traded its crypto-linked futures since the exchange introduced its first products last summer. Cumulative trading volume has now exceeded RUB 600 billion, a scale that indicates significant activity in the exchange's growing crypto derivatives market.
The addition of perpetual contracts linked to five major cryptocurrencies represents a further expansion of that offering. Following the September 22 launch, investors will be watching trading activity across the new BTC, ETH, SOL, XRP and TRX products.