Moscow Exchange Plans Two Trading Formats for Dec. 1 Crypto Launch
Moscow Exchange will launch a crypto market on Dec. 1, offering Bitcoin (BTC), Ether (ETH), and Tether (USDT) with anonymous and addressed trading options. The National Clearing Centre will handle post-trade processing, with settlement on the trade date or the following day. The pilot runs from 10:50 p.m. ET Nov. 30 to 3:50 p.m. ET Dec. 1. Public access for individual investors is subject to regulation, with draft rules limiting nonqualified investors' annual crypto purchases.
How this was made

The 30-second read
Why it matters
The launch creates a new regulated entry point for major cryptocurrencies in Russia, potentially shifting some trading volume from offshore platforms.
Market read
First regulated crypto market in Russia; may affect regional demand for BTC and ETH.
What to watch
Potential capital controls or banking restrictions may hinder actual trading activity.
Background
Moscow Exchange is expanding into crypto with anonymous and addressed trading formats, handling settlement via the National Clearing Centre.
Ticker impact
Moscow Exchange will launch a crypto market offering Bitcoin trading on Dec. 1.
likely upward pressure as Russian investors gain direct access
First-time regulated trading platform in a large market expands liquidity.
Market effects
Adds a regulated crypto venue in Russia, could spur other exchanges to seek similar approvals.
May increase crypto trading volume in CIS markets and affect local price dynamics.
Limited but could influence global BTC/ETH liquidity as new participants join.
Counterpoint
Regulatory scrutiny or enforcement could limit participation, muting any price boost.
Key entities
- exchangeMoscow Exchange
Operator of the new crypto market.
- clearing houseNational Clearing Centre
Will handle post‑trade processing for the pilot.


