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Moscow Exchange plans crypto trading launch for December 1
Moscow Exchange has announced plans to start crypto trading on December 1, initially offering Bitcoin, Ethereum and USDT.
Quick take
- Moscow Exchange plans to start crypto trading on December 1, initially with Bitcoin, Ethereum and USDT.
- Trading would run on existing stock-market technology, with settlement through the National Clearing Centre.
- Sergey Mendeleev doubts the offering will be attractive because of spreads, while sanctions and stablecoin questions remain.
Bitcoinist reported that Moscow Exchange plans to start crypto trading with a December 1 target launch date. The exchange announced the plan on November 2, listing Bitcoin, Ethereum and USDT as the initial assets. According to the exchange, the service will run on its existing stock-market technology, with settlement handled through the National Clearing Centre. The plan is still a target, with the launch scheduled for December 1.
The planned setup supports TOD, TOM and swap transactions. Sessions would open at 6:50 a.m. Moscow time and close at 11:50 p.m. Moscow time. Retail customers would face an annual limit of 300,000 rubles per intermediary. Separate Bank of Russia rules take effect on November 17.
The United States sanctioned Moscow Exchange and its clearing unit in June 2024. Bitcoinist also flagged that Tether's freezing policy raises questions for stablecoins, and USDT is among the planned initial assets.
Sergey Mendeleev doubts the offering will be attractive because of spreads. His view on attractiveness is tied directly to spreads in the market.
Sources
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