PANews reported on June 11 that according to Bitcoin.com, Russia's Moscow Exchange (MOEX) launched the Bitcoin derivatives index MOEXBTC on June 10. The index is based on the BTCUSDT perpetual contract prices of the four major exchanges, Binance, Bybit, OKX and Bitget, and is calculated using a weighted average. The exchange said that the index could be used as an underlying asset for financial products in the future.

This is an important step for MOEX to expand its crypto-related business recently. On June 4, the exchange launched Bitcoin Trust ETF futures contracts for qualified investors. Although the Russian Central Bank approved the issuance of financial derivatives linked to the value of cryptocurrencies in May, it still recommends that financial institutions avoid direct investment in crypto assets.