MOEX launches Bitcoin derivation index, marking the integration of the Russian stock market with encryption assets.

Russia’s largest stock exchange: the Moscow Exchange (MOEX) recently announced the launch of a new Bitcoin index (MOEXBTC), which reflects the BTC/USDT perpetual contract prices from major exchanges. This initiative not only further expands MOEX’s presence in the digital asset market but also indicates that Russia is attempting to incorporate encryption assets into its financial structure.

Gather pricing sources from multiple platforms to ensure index transparency and accuracy.

According to the official statement from MOEX, the MOEXBTC index uses the perpetual contract prices of Bitcoin from four major encryption exchanges, including several mainstream exchanges, as its basis. The index is updated once daily at 12:30 PM (Moscow time), with prices calculated through a volume-weighted average: Binance accounts for 50%, Bybit for 20%, OKX for 15%, and Bitget for 15%. MOEX plans to adjust the weighting ratios quarterly based on trading volumes to enhance market responsiveness.

Paving the way for financial products: From ETF futures to derivation pricing fundamentals

The launch of this Bitcoin index follows the MOEX opening of Bitcoin ETF futures trading on June 4. Although the Central Bank of Russia approved the issuance of financial derivations linked to the value of encryption assets in May, it still advises financial institutions to avoid direct participation in the buying and selling of encryption assets. Therefore, indices like MOEXBTC will become a compromise tool for indirectly participating in the market and are expected to be included as underlying assets in future financial products.

The contradictory positioning of encryption assets in Russian policy

Russia has always taken a cautious attitude towards encryption assets. On one hand, the country intends to use encryption technology to break through international sanctions; on the other hand, the Central Bank of Russia (CBR) still holds reservations about the free circulation of cryptocurrencies like Bitcoin. Earlier this year, the CBR also proposed to establish an experimental legal system to test encryption transactions under strict regulation.

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Summary

MOEX launched the Bitcoin derivation index, which not only reflects the Russian market’s demand for observation of digital assets but also signifies a preview of the possible evolution direction of future capital market structures. Although it is still in its early stages, such policies and market initiatives may still lay the institutional and data foundation for the future development of encryption finance in Russia.