Moscow Exchange to Launch Ethereum Futures Trading

In August, the Moscow Exchange will commence trading in two types of futures: one linked to the Ethereum exchange rate and the other to U.S. government bonds. This was reported by RBC.

The Ethereum-based derivative will track the value of the iShares Ethereum Trust ETF from BlackRock. At the close of trading on Nasdaq on July 14, its price was $22.84.

“The quotation of the [Ethereum futures] will be equal to the value of one share of the fund, and the contract size will be slightly less than IBIT,” noted Maria Patrikeeva, Managing Director of the Moscow Exchange derivatives market.

The platform will also feature a futures contract linked to the shares of the iShares 20+ Year Treasury Bond ETF, which invests in long-term U.S. Treasury bonds with an average maturity of 25.9 years. This is the first such instrument on the Russian market.

The new futures will be available only to qualified investors.

Back in June 4, the Moscow Exchange launched trading in futures on shares of the exchange-traded Bitcoin fund iShares Bitcoin Trust ETF from BlackRock. In the same month, the platform introduced an index on the largest cryptocurrency by market capitalization.