MOEX to List RUB‑Settled SOL, XRP and TRX Futures for Qualified Investors in 2026
Moscow Exchange (MOEX) will introduce cash‑settled futures and transparent indices for Solana (SOL), XRP (XRP) and TRON (TRX) in 2026, expanding its ruble‑settled crypto derivatives beyond existing BTC and ETH futures. MOEX plans a two‑phase rollout: publish rules‑based indices for each token, then list RUB‑priced, cash‑settled futures restricted to qualified investors under Bank of Russia rules. The exchange may reuse existing clearing and risk infrastructure to limit technical changes. MOEX is also evaluating one‑day, perpetual‑style automatic‑rollover futures for Bitcoin and Ethereum later in 2026. The move aligns with a broader regulatory framework expected by July 1, 2026, which would permit limited retail participation while keeping crypto classified as high risk and banning domestic crypto payments. Key trader considerations: contract specifications (multiplier, tick size, expiries), index methodology (likely multi‑venue baskets), liquidity provisioning, and coordination with the Bank of Russia. No exact launch date has been announced; traders should monitor MOEX releases for product specs and qualification rules.
Bullish
Listing ruble‑settled, cash‑settled futures for SOL, XRP and TRX on a regulated exchange increases official market access and transparency for these tokens. For each token, the introduction of regulated derivatives typically supports price discovery, attracts institutional flow, and can boost on‑exchange liquidity—factors that are bullish for the underlying asset over the medium term. Restricting products to qualified investors and RUB settlement may limit immediate retail-driven rallies, tempering short‑term volatility; however, the prospect of additional product types (one‑day perpetuals) and clearer regulation by mid‑2026 creates a structural demand pathway. Risks that could reduce the bullish impact include low initial liquidity, conservative contract specs, or strict qualification rules; but overall, regulated futures listings historically correlate with net positive price pressure for the referenced tokens.