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Moscow Exchange Details Clearing and Settlement for Bitcoin, Ether and USDT Trades

A Nov. 2 release from the Russian exchange group adds clearing, settlement and swap details to a launch date it first floated in October, and says pilot deals will come first.

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By Dextape Desk ·

Moscow Exchange has outlined the mechanics of its upcoming crypto venue, with bitcoin, ether and USDT trades passing through the group's central clearing and settling same day or on the following day once trading opens December 1. Participants can use same-day and next-day settlement, plus swaps, to manage liquidity. Moscow Exchange revealed the specifics on November 2 and presents the venue as the country's first structured platform for digital currencies. The first stage will consist of pilot deals, with participants joining step by step. Non-qualified investors face limits: they must pass a test under Russian law, and purchases are capped at 300,000 rubles yearly via one broker. The opening list covers only bitcoin, ether and USDT, and MOEX anticipates broadening it later.

Why it matters: It gives brokers linked to MOEX a route to bitcoin via the clearing system they already rely on for securities, placing the exchange alongside banks preparing their own crypto offerings.

Mentioned: Bitcoin, Ethereum, Tether

Summary by Dextape, based on reporting by Unchained. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.

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The Dextape Desk signs Dextape's own work: briefs on wire stories, the daily market report and desk analysis. Briefs are written by an AI model from the publisher's article text and checked automatically for copied wording, unsupported figures and investment advice before they appear. AI drafts from the editorial desk need corroborating sources and an editor's review before release.

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