Moscow 거래소 launches 5 암호화폐 perpetual futures as demand tops 600billion rubles
Qualified investors in Russia can now gain continuous exposure to five major cryptocurrencies through Moscow 거래소 without buying or holding the underlying assets.
Moscow 거래소 will launch perpetual futures tied to five major cryptocurrencies on Sept. 22, giving qualified investors continuous price exposure to 비트코인, 이더리움, Solana, XRP, and Tron without requiring them to own the underlying assets.
Thenew contractsare BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF, and TRXUSDF. Each tracks a corresponding MOEX 암호화폐 index and automatically rolls over each day, allowing investors to maintain their positions without manually switching to a new contract at expiration.
Unlike spot 암호화폐 거래, the futures do not deliver any 암호화폐. They are quoted against US dollar-denominated indexes, while profits and losses are settled in Russian rubles.
The structure means investors can gain exposure to 암호화폐 price movements without holding 비트코인, Ether or other tokens themselves.
Access is limited to qualified investors, according to MOEX. The products therefore expand the 거래소's existing derivatives market rather than opening spot 암호화폐 거래 to retail investors.
Investors must also post collateral to trade the contracts. MOEXsetfirst-tier minimum margin rates at 22% for 비트코인, 35% for Ether, 38% for Solana, 43% for XRP, and 30% for Tron. The requirements mean traders must commit a portion of a position's value as collateral, with XRP carrying the highest initial margin requirement among the five contracts.
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MOEX has also established concentration limits for each contract. Its LK1 and LK2 limits range from 961 and 4, 807 contracts for XRPUSDF to 124, 490 and 622, 450 for ETHUSDF. Those figures cannot be directly compared as measures of market exposure because the contracts have different specifications and values. Brokers will also determine the final 거래 conditions available to individual qualified clients.
출처: CryptoSlate