New News from Russia Regarding XRP and These Two Altcoins!

While regulations for Bitcoin and altcoins continue in Russia, the Moscow Stock Exchange (MOEX) has made a new move.

Accordingly, the Moscow Stock Exchange will launch Solana (SOL), Tron (TRX), and XRP futures trading.

According to CoinDesk, the Moscow Exchange SOL, which already offers futures trading for Bitcoin (BTC) and Ethereum (ETH), plans to offer futures products for XRP and TRX as well.

Futures contracts will be based on indices reflecting the price of each token, traded in rubles, and trading will be limited to qualified investors only.

According to current Russian regulations, derivative products must be linked to an underlying asset, in which case that asset would be the index issued for each token.

As is known, Russia has been working on regulations regarding cryptocurrencies for the past few months. Last month, lawmakers in the country announced plans to limit retail cryptocurrency purchases to $4,000, and the central bank had previously established a new framework for crypto investors.

*This is not investment advice.

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