Russia’s Moscow Exchange Launches Bitcoin Futures for High-End Investors

Highlights:

• Moscow Exchange has introduced Bitcoin futures that can only be acquired and settled in rubles by qualified investors.
• Only high-cap investors with over 100 million rubles can trade Bitcoin futures.
• Sberbank plans to launch its own Bitcoin futures for institutional investors.

The Moscow Exchange began trading Bitcoin futures on June 4, 2025. The move is designed for qualified investors and allows them to mirror the price fluctuations of Bitcoin but not directly own cryptocurrency. The futures contracts have U.S. dollar pricing and ruble settlement, offering an official way for institutional and rich investors in Russia to trade.

According to the local report, the new financial instruments are linked to the iShares Bitcoin Trust ETF, a U.S.-listed product. Bitcoin futures contracts will be settled with cash payments, so no actual Bitcoin will be delivered. Thus, investors will instead use derivatives, which many institutional investors are now choosing as a method to track Bitcoin’s prices.

BREAKING: Russia’s largest exchange, Moscow Exchange launches #Bitcoin futures trading for qualified investors. pic.twitter.com/J9htJUWpLw

— Bitcoin Magazine (@BitcoinMagazine) June 4, 2025

Strict Investor Eligibility for Bitcoin Futures

There are certain conditions investors must fulfill to participate in Bitcoin futures trading. Access to the new financial product is only available for people classified as “highly qualified”. To participate, people are required either to have personal investments of over 100 million rubles or to earn over 50 million rubles in a year. Because of this selection, only investors with well-capitalized funds can invest in this risky market.

Because of the Bank of Russia’s warning approach, using cryptocurrency derivatives is allowable. However, the bank repeatedly urges avoiding direct investment in digital currencies. Since digital currencies are volatile, the Central Bank states that the general public should not take too much risk with direct Bitcoin investment.

Crypto Card and Sberbank’s Upcoming Launch

Moscow Exchange decided to offer crypto-related services as there is a growing demand for crypto financial products in Russia. The SPB Exchange has already started testing futures linked to cryptocurrencies. This shows the increasing role of crypto derivatives in traditional markets. Meanwhile, Sberbank, which is Russia’s largest financial institution, introduced its own structured bond product for use by institutional investors.

Russia’s largest bank, Sberbank, launches structured bonds tied to #Bitcoin. pic.twitter.com/btCnW6nOTA

— TFTC (@TFTC21) June 2, 2025

Even though the Central Bank does not want individuals to have direct cryptocurrency ownership, these new tools allow users to speculate on Bitcoin without owning it. Even with strict laws from the government, there is an increase in crypto-linked products in the Russian financial market.

The arrival of Bitcoin futures on the Moscow Exchange is the result of years of work on regulations. Back in 2017, the exchange could not launch similar products because there was no legal support for cryptocurrencies. In 2025, the Central Bank allowed qualified investors to invest in crypto-linked securities and derivatives. Consequently, this was seen as a key change in Russia’s attitude toward digital assets.

New Opportunities Amid Volatility

There are both chances for gain and significant risks when investing in bitcoin futures. The fluctuations of Bitcoin can quickly lead to either very high gains or big losses within a short span of futures. Despite this, these platforms give institutional investors a regulated and safer way to invest in Bitcoin rather than unregulated offshore platforms.

Besides, futures contracts allow companies that deal with foreign trade to reduce their risks. These businesses can lock in the price of Bitcoin, making it easier to handle any changes in value while doing cross-border transactions. Due to challenges regarding international payment systems, this feature is very useful for Russian companies.