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UNIMoscow Exchange says crypto trading will start on 1 December
Russia's Moscow Exchange has confirmed it will open cryptocurrency trading on 1 December, listing Bitcoin, ether and USDT under the country's new crypto law, with annual purchase caps for non-qualified retail investors.
Why it matters: Russia is trying to pull crypto activity into supervised markets, and the launch will show how much trading regulated exchanges can draw from offshore and informal channels.
Key points
- Bitcoin, ether and Tether's USDT will be the first assets traded, with settlement on the same day or the next day.
- Non-qualified investors must pass a knowledge assessment and are capped at 300,000 rubles (about $3,700) a year per broker.
- The exchange announced the plans on 2 November, after an October pilot with professional market participants.
The Moscow Exchange has confirmed it will launch crypto trading on 1 December, offering Bitcoin, ether and USDT through its existing stock market and clearing infrastructure. The exchange set out the plans in a 2 November announcement, saying the market will run under Russia's cryptocurrency legislation, which took effect on 1 September.
Trading will be handled by the National Clearing Center and run from 6:50 a.m. to 11:50 p.m. Moscow time, the same schedule as the exchange's securities market. Customers will get same-day and next-day settlement, known as TOD and TOM, plus swap transactions for managing liquidity. The exchange said it will widen the list over time to other international cryptocurrencies and Russian digital assets.
Retail access is restricted.
Boris Blokhin, an exchange executive, said on 8 October that testing had begun about a week earlier and that the exchange could use its existing licences without further approvals.
What to watch: The exchange is due to begin trading on 1 December, starting with pilot transactions as institutions complete their preparations.
Live updates on NewsFeeds:StablecoinsBitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
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