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Moscow replacement is ready to launch a new Bitcoin (BTC) Offer Futures Index, in addition to crypt funds and structured bonds.
The CEO of the Russian Stock Exchange Vladimir Krekoten said the new introduction of the BTC derivative instrument was “immediate”.
In an interview with RBC Investments, Krekoten explained that this product will be a futures contract on a new bitcoin index.
Moscow Exchange: BTC Bullishness continues
He explained that the calculations of the index that would become the basic benefit for the contract began on June 10.
This step follows the hot on the heels of the first Bitcoin futures contract of the Moscow Stock Exchange, which debuted 4 June.
This product is only available to qualified investors. It is cash seated in Rubes and tied to Blackrock running Ishares Bitcoin Trust ETF (IBIT).
Krekoten suggested that the popularity of the first offer of bitcoin futures offers to inspire the exchange to quickly monitor the release of multiple crypto derivative products. He said:
“We are planning to start trading with tools based on cryptoast or ETF indexes as soon as demand for them begins to appear. On the other hand, the regulators will be more aware of what is permissible and that they should be able to.
Regulatory approval is still waiting for
Krekoten added that the discussion of exchanges with control companies are taking place because the parties are waiting for regulatory consent.
The powerful performance said the parties discussed the launch of mutual funds and structured bonds focused on cryptoast indexes. Explained:
“We believe that this industry will soon be ready to provide clients with access to structured bonds for cryptoasts. We are technically and legally prepared for it.”
The powerful performance explained that since June 4, the volume of trading with futures on BTC has been hit by a total of nearly 7 billion rubles ($ 89,455,660).
Krekoten said that more than 10,000 investors have already traded with the product and added: “These are very good indicators given that the tool was only on the market for such a short time.”
Of course, the numbers are not comparable to the volumes of futures contracts on the Moscow Exchange Index. But he is still a very high figure. ”
Crypto investment growing into popularity in Russia
The CEO rejected the claim that the stock exchange lacks technical capacity to start multiple products related to the crypt, concludes:
“I think there are no basic differences between funds for any basic asset. This is certainly true if there are such assets of tools that are traded on properly organized platforms.”
At the beginning of this week, the top Executive Director of Russian Bitcoin mining predicted that BTC prices could increase this summer to a new maximum of more than $ 115,000.
Suggested this momentum He could drive a coin price in the “slightly positive scenario” towards $ 130,000.
Also this month, a Russian energy company announced the launch of the first bitcoin mining market with a closed investment fund in the country in the country.
Contribution Moscow Exchange in order to launch Futures BTC with crypto funds, structured bonds He appeared for the first time Cryptonews.
