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Moscow Exchange Sets December Launch for Bitcoin, Ethereum Trading
Russia’s largest Moscow exchange is preparing to bring cryptocurrency trading into its traditional financial markets, setting December 1 as the target date for the launch of a new digital asset market.
Brief
Moscow Exchange plans to open a digital currency market on December 1, which it calls Russia's first organized venue of its kind. Bitcoin, Ethereum and Tether's USDT will be offered at launch, with trades running on the bourse's stock-market systems and settling through the National Clearing Centre. The venue will start with pilot trades before adding participants gradually. Retail buyers can purchase up to 300,000 rubles combined per year through each intermediary after testing and risk acknowledgments, while qualified investors face no such cap. The United States sanctioned the exchange and its clearing unit in June 2024, leaving counterparties uncertain how to engage. Tether's wallet-freezing practice for sanctioned parties also raises questions about USDT. Exved founder Sergey Mendeleev doubted ordinary investors would find the venue appealing because of trading spreads.
Why it matters: The launch would give Russian crypto readers a route to trade major tokens, though sanctions and retail limits leave open questions about uptake.
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