Moscow Exchange to Support Bitcoin, Ether and Tether Trading From December
Summary
- Moscow Exchange said it plans to launch trading services for Bitcoin, Ether and Tether starting Dec. 1.
- Investors will trade digital assets through brokerages using the existing securities-market infrastructure.
- Non-qualified investors will be required to pass a digital-asset test and will face an annual purchase cap of 300,000 rubles, while the same limit will not apply to qualified investors.
Forecast Trend Report by Period
Moscow Exchange, Russia’s largest securities exchange, plans to support trading in major digital assets including Bitcoin starting in December.
Cointelegraph reported on November 3 that Moscow Exchange plans to launch trading services for Bitcoin, Ether and Tether on Dec. 1.
Boris Blokhin, managing director for sales and business development at Moscow Exchange, said at a recent investor conference that the exchange plans to begin virtual-asset trading on Dec. 1. Several clients are already testing the trading system.
Trading will use the exchange’s existing securities-market infrastructure. Investors will participate through brokerages, while a partner custodian will handle the storage and management of the digital assets.
Restrictions will apply to retail investors. Non-qualified investors must pass a digital-asset test, and annual purchases will be capped at 300,000 rubles, or about $3,700, per intermediary. The same cap will not apply to qualified investors.
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