Moscow Exchange announces: crypto spot trading to launch around December 1, initially offering $BTC , $ETH , and USDT.
The official line is that this will be Russia’s first “organized” digital currency trading market, using the existing stock market infrastructure, with clearing handled centrally by the National Clearing Center. Trading hours will match those of the stock market: 06:50–23:50 Moscow time. Settlement options include TOD/TOM, with swaps available to manage liquidity. The initial phase will be a pilot, with participants coming onboard as they become ready.
For retail investors: non-qualified investors will have to pass a test first, and their annual purchases through the same broker will be capped at about 300,000 rubles (roughly $3,700); qualified investors will have no limit. This is backed by the digital currency law that took effect on September 1.
CoinDesk pointed out a striking detail: both the exchange and the clearing center are on the U.S. sanctions list, while USDT’s issuer freezes wallets on sanctions lists—so it remains to be seen how onshore USDT will work. Russia wants to bring offshore trading onshore; we’ll only know how much volume it can attract in December once it’s up and running. #加密监管 #MOEX
The official line is that this will be Russia’s first “organized” digital currency trading market, using the existing stock market infrastructure, with clearing handled centrally by the National Clearing Center. Trading hours will match those of the stock market: 06:50–23:50 Moscow time. Settlement options include TOD/TOM, with swaps available to manage liquidity. The initial phase will be a pilot, with participants coming onboard as they become ready.
For retail investors: non-qualified investors will have to pass a test first, and their annual purchases through the same broker will be capped at about 300,000 rubles (roughly $3,700); qualified investors will have no limit. This is backed by the digital currency law that took effect on September 1.
CoinDesk pointed out a striking detail: both the exchange and the clearing center are on the U.S. sanctions list, while USDT’s issuer freezes wallets on sanctions lists—so it remains to be seen how onshore USDT will work. Russia wants to bring offshore trading onshore; we’ll only know how much volume it can attract in December once it’s up and running. #加密监管 #MOEX
