MOEXBTC: The Bitcoin Derivatives Index Launched by Moscow Exchange in Russia

The birth and positioning of the MOEXBTC index

On June 10, 2025, the Moscow Exchange officially launched the MOEXBTC index, which is the country’s first price indicator based on Bitcoin perpetual contracts. The data used for the index comes from four major platforms: Binance (50%), Bybit (20%), OKX (15%), and Bitget (15%). The price is calculated using a volume-weighted average and is updated daily at 12:30 PM Moscow time. The weights are adjusted quarterly based on actual trading activity to ensure that the price reflects the real market situation.

MOEXBTC does not rely on the spot price of Bitcoin, but focuses on the price trends of the derivation market, serving as the underlying reference index for future financial derivation products in Russia (such as futures and ETFs).

Trend of Integration of Cryptocurrency Assets in Russia

Although the Russian government still maintains a cautious attitude towards the free circulation of cryptocurrencies, it has begun to allow the use of crypto-related financial instruments within a strict regulatory framework, attempting to reduce risks through monitoring and restrictions while attracting investors. The launch of the MOEXBTC index can be seen as a concrete manifestation of this policy shift, providing qualified investors with a legitimate channel to participate in crypto derivation and serving as an experiment to test market acceptance.

The Application Prospects and Limitations of Indexes

MOEXBTC has established a bridge between the crypto finance and traditional capital markets for the Russian market, supporting the issuance and design of other derivation products. However, current restrictions include: index services are only available to qualified investors and have not yet been opened to the public, and there are currently insufficient related derivation products in the market, hindering the expansion of the index’s influence. Additionally, the Russian central bank’s investment attitude towards cryptocurrency remains relatively conservative, which may constrain its growth.

Experts generally believe that MOEXBTC is an important step for Russia in exploring the integration of cryptocurrency and traditional finance. In the future, as related financial products improve and regulation matures, its long-term potential is worth looking forward to.

Conclusion

The launch of MOEXBTC symbolizes the Russian financial market’s proactive approach towards the integration of digital assets. Although still in its early stages, this move marks an experimental fusion of traditional and emerging finance, laying the policy and technical foundation for the rapidly growing cryptocurrency market. Investors see it as a key indicator for observing the trends of Russia’s cryptocurrency policy and market risks.