Moscow Exchange Launches SOL, XRP, TRX, and BNB Indices
The Moscow Exchange will launch four new crypto indices on May 13, building pricing infrastructure ahead of new crypto legislation set to take effect in Russia in July 2026.
Summary:
- MOEX is launching indices for SOL, XRP, TRX, and BNB.
- Updates every 15 seconds.
- Access limited to professional investors.
- Planned expansion to at least 10 assets.
Infrastructure, Not a Product
The Moscow Exchange announced it will launch four new indices – MOEXSOL, MOEXXRP, MOEXTRX, and MOEXBNB.
At first glance, this looks like a product expansion, but it is actually something deeper – building pricing infrastructure ahead of regulation. Without a reliable benchmark, derivatives, structured products, or regulated crypto trading cannot exist.
This is the key point not explicitly stated in the announcement: the exchange is not adding new assets but preparing the foundation on which future markets will be built.
The update frequency – every 15 seconds, including weekends – shows that these indices are designed for real pricing and settlement, not for retail investor reference.
The Choice of Assets Is Not Accidental
The addition of Solana, XRP, Tron, and BNB reflects the next layer of assets that already have sufficient liquidity and institutional presence to be used in regulated financial products.
Solana has established itself as an alternative to Ethereum in DeFi activity, XRP remains focused on international payments, and Tron is key infrastructure for stablecoins. BNB, in turn, is tied to the Binance ecosystem – the exchange that provides half of the data for these indices.
Dependence on Global Exchanges
The methodology for calculating MOEX crypto indices uses four exchanges, all based outside Russia:
- Binance (50%)
- Bybit (20%)
- OKX (15%)
- Bitget (15%)
In practice, a national financial infrastructure relies on data from private international platforms. This means the reliability of Russian crypto benchmarks depends on the operational stability and pricing transparency of platforms outside Russian regulatory jurisdiction.
For Professional Investors Only
Access to instruments based on these indices will be limited to professional investors, reflecting the current regulatory framework in Russia.
The expected changes in July 2026 may expand this framework, allowing broader participation and new products.
READ MORE: Canada Launches Its First Regulated Canadian Dollar Stablecoin
On April 21, 2026, the Russian State Duma passed the bill in its first reading. It still needs two more readings, approval by the Federation Council, and the president’s signature, with an expected timeline of July 1, 2026.
The law introduces three key changes to the crypto market:
- Cryptocurrencies are officially recognized as property, providing legal protection in bankruptcy, inheritance, and legal disputes.
- Non-qualified investors gain access to regulated crypto services, but with a $3,900 annual limit and a mandatory risk test.
- Qualified investors have no such restrictions.
Initially permitted assets for trading are only three – Bitcoin, Ethereum, and Solana.
Notably, the law does not allow domestic crypto payments. Only international payments are permitted.
This shows that the new indices launching on May 13 are not an isolated product. They are preparation for a market whose legal framework is expected to come into force in eight weeks.
The sequence is clear – first infrastructure is built, then the market opens.
What Comes Next
As already suggested, crypto derivatives on MOEX are not a future plan but an already functioning segment. Russia’s central bank allowed financial institutions to offer crypto derivatives to qualified investors as early as May 2025, with MOEX among the first to take advantage.
Currently, two main types of instruments are traded:
- Monthly futures based on MOEXBTC and MOEXETH indices, tracking Bitcoin and Ethereum prices directly
- Futures on BlackRock ETFs – iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA), allowing Russian investors to follow U.S. crypto ETF products without direct access
- All contracts are settled in rubles.
In November 2025, crypto futures trading volume on MOEX reached a record $636 million.
The logic behind the expansion was clearly explained by Maria Silkina, Head of the Derivatives Market at MOEX:
A future cannot be launched without a base asset. The indices must exist, be calculated, and published – only then can the future appear.
This is exactly what will happen on May 13. The new indices create the necessary foundation without which futures on SOL, XRP, TRX, and BNB cannot exist.
The real test, however, is not the launch itself, but how quickly futures will follow – and what trading volume they will generate compared to the already established Bitcoin and Ethereum model.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
