- Moscow Exchange opened BTC futures trading with access limited to eligible investors only.
- These futures are linked to a U.S. ETF IBIT and are quoted in dollars, but they are paid in rubles.
- Sberbank launches bonds linked to the price of Bitcoin and the USD/RUB exchange rate.
The Moscow Exchange has launched Bitcoin futures trading starting June 4, 2025. The exchange confirmed the new contracts are exclusively for qualified investors, in line with Russian regulations. Quoted in U.S. dollars per lot but settled in Russian rubles, the new offering aims to widen access to crypto-linked assets without direct ownership.
Futures Backed by U.S. Bitcoin ETF
The futures are based on the U.S.-listed iShares Bitcoin Trust ETF (IBIT), giving exposure to Bitcoin’s price movements. According to sources, these contracts allow speculation on Bitcoin’s future value without holding the asset itself.
The exchange will offer quarterly contracts, beginning with one set to expire in September 2025. This setup mirrors global practices and integrates Russia’s financial ecosystem with international instruments. Furthermore, the Saint Petersburg Stock Exchange (SPB Exchange) has been actively testing futures contracts tied to cryptocurrencies.
The futures are structured to display market trends, providing investors with tools to manage risk and plan entry points. This step further boosts participation from large corporations and high-net-worth investors under regulated frameworks.
Sberbank Joins the Bitcoin Push
Sberbank, Russia’s largest bank, has introduced its own structured bonds. These bonds are tied to both the price of Bitcoin and the USD/RUB exchange rate. This reflects a broader effort by Russian financial institutions to gain exposure to digital assets.
The central bank of Russia has long been cautious about cryptocurrencies. However, in a shift, it now permits the sale of crypto-related securities and derivatives—but only to qualified investors.
Additionally, the bank’s participation demonstrates the financial industry’s support for crypto-related products under regulatory frameworks. Changes in corporate finances may influence how Russia shapes its investment channels.
Related: Vladimir Smerkis Held in Russia Over Major Crypto Fraud Case
Bitcoin Holds Above $105K Amid Futures Launch
Bitcoin was priced at $105,204.02 at the time of the debut, based on CoinMarketCap data. It experienced a slight 0.14% daily decline, while volume increased by 5.85% to $45.84 billion.
BTC peaked close to $106.5K before retracing and settling around $105.2K, maintaining strength above the $105K mark throughout June 4. Could this launch lead to broader regulated adoption of crypto assets in Russia’s financial system?
