Introduction
The Moscow Exchange is set to broaden its offerings by introducing new crypto indices for popular digital currencies such as Solana, XRP, Tron, and Binance Coin. This significant move, effective from May 13, aims to enhance Russia's regulated market infrastructure for digital assets. The introduction of these indices is pivotal as they may serve as reference assets for new financial instruments, catering primarily to professional investors in the Russian market.
New Crypto Indices Overview
The new indices will track four foreign digital currencies, designated as MOEXSOL for Solana, MOEXXRP for XRP, MOEXTRX for Tron, and MOEXBNB for Binance Coin. The calculation methodology will utilize market data from four major offshore crypto trading venues, weighted according to their share of total trading volume. Notably, Binance will account for 50% of the input data, while Bybit will contribute 20%, and OKX and Bitget will each provide 15%.
Changes to Calculation Frequency
In conjunction with the launch of these new indices, the Moscow Exchange will also implement a broader technical change to its existing crypto index suite. Starting May 13, the calculation frequency for all digital currency indices, including the well-known Bitcoin index (MOEXBTC) and Ethereum index (MOEXETH), will shift from once daily to every 15 seconds during trading hours. This change is expected to provide traders with more timely and accurate market data.
Future Products and Market Expansion
The Moscow Exchange has framed these new indices as a crucial infrastructure that may support future financial products. The exchange has indicated that these indices could become underlying assets for new financial instruments, aligning with its long-term strategy to create regulated crypto-linked market instruments without allowing the physical delivery of digital assets.
Key Takeaways
- Moscow Exchange to launch indices for Solana, XRP, Tron, and BNB.
- New indices will track data from major offshore trading venues.
- Calculation frequency for all indices will change to every 15 seconds.
- Future products may include derivatives and direct cryptocurrency trading.
- Expansion to include additional assets like Dogecoin and Cardano.
FAQ
What are the new indices being introduced?
The Moscow Exchange is introducing indices for Solana (MOEXSOL), XRP (MOEXXRP), Tron (MOEXTRX), and Binance Coin (MOEXBNB).
When will the new indices be available?
The new indices will be available starting May 13.
How often will the indices be updated?
All digital currency indices will now be updated every 15 seconds during trading hours.
Sources
For more information, you can visit the original article at Bitcoinist.
