Moscow Stock Exchange launches Bitcoin futures trading for qualified investors in Russia According to TASS, the Moscow Stock Exchange in Russia officially launched Bitcoin futures trading on June 4, 2025, which is only open to qualified investors. The IBIT futures contracts launched this time are quoted in US dollars and settled in rubles. The first batch of contracts will expire in September 2025. This futures product is based on the value of a Bitcoin Trust ETF, with trading units quoted in US dollars per lot and ultimately settled in rubles. The Russian central bank approved financial institutions in May to offer financial derivatives linked to the value of cryptocurrencies to qualified investors, but still recommends avoiding direct investment in cryptocurrencies.