Largest Exchange in Russia Launches Crypto Indices With SOL, XRP, TRX and BNB

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Moscow Exchange (MOEX) plans to launch indices for four more cryptocurrencies this month, including Ripple and Binance.

The exchange already has indices for bitcoin and Ethereum and the list will continue to expand. There are plans to add other altcoins, such as Dogecoin and Cardano.

The indices are used as the basis for crypto derivatives.

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Moscow Exchange Expands Crypto Index Lineup

MOEX continues to develop its crypto direction and adds new instruments. This time, it is about four assets: Solana, XRP, Tron and BNB.

For these assets, the exchange is launching indices with tickers MOEXSOL, MOEXXRP, MOEXTRX and MOEXBNB. The indices reflect the price movement of these assets. The launch is scheduled for May 13, as reported by Kommersant and Vedomosti.

The calculation uses data from the largest crypto platforms. The main contribution comes from Binance, which accounts for about 50%. Next are Bybit with a share of 20%, as well as OKX and Bitget with 15% each.

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Previously, the exchange launched indices for bitcoin and Ethereum. The first appeared in June 2025, the second in October. With the new instruments, the total number of crypto indices will increase to six.

The plans do not end there. There are plans to bring their number to at least ten. The list of possible assets includes popular altcoins, including Dogecoin, Cardano, Hyperliquid and Chainlink.

Starting May 13, the indices will be updated more frequently. If now the indices are updated once a day, after the launch they will be recalculated every 15 seconds during the trading session and even on weekends.

MOEX May Become a Key Player in Russia’s Crypto Market

MOEX already plays a key role in the country’s financial system, where currencies, debt instruments, and commodity assets are traded. Now it wants to establish itself in crypto as well.

The crypto market in Russia is expected to be legalized by summer, and in such a situation, the role of major platforms will only grow.

According to the Bank of Russia’s concept, traditional exchanges will not have to obtain separate licenses to work with digital assets. They will be able to launch such instruments based on already existing permits.

Plans to add indices for SOL, XRP and TRX, as well as futures for them, were discussed by MOEX back in February. At that time, the exchange also discussed perpetual futures for bitcoin and Ethereum. Now the platform already has monthly contracts for these assets.

The crypto derivatives market for qualified investors was effectively opened by the Bank of Russia last spring. After that, financial companies were able to offer such products to clients, and MOEX became one of the first platforms to move in this direction.

But there is a limitation. All such products do not provide for the actual delivery of cryptocurrency. That is, these are only derivatives.

Currently, the exchange trades contracts linked to its own indices for bitcoin and Ethereum, as well as to ETF from BlackRock IBIT and ETHA.

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New rules will expand access to the crypto market, including for non-qualified investors. But with restrictions, the purchase volume may be limited to about $4,000 per year.

The bill on digital currencies and digital rights is already being considered in the State Duma. The law may be adopted and come into force no later than July 1.

Next, according to the plan, Moscow Exchange expects to launch direct cryptocurrency trading by early 2027. Most likely, SPB Exchange will follow, which already offers its own bitcoin futures.

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