Moscow Exchange to Support Bitcoin, Ether and Tether Trading Starting in December

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 begin offering trading services for Bitcoin, Ether and Tether on December 1.

Boris Blokhin, managing director for sales and business development at Moscow Exchange, said at a recent investment conference that the bourse plans to start virtual-asset trading on December 1. Several clients are already testing the trading system.

Trading will be conducted using the exchange’s existing securities-market infrastructure. Investors will participate through brokerages, while affiliated custodians will handle the storage and management of digital assets.

Retail investors will face restrictions. Non-qualified investors must pass a test related to digital assets, and their annual purchase limit will be 300,000 rubles, or about $3,700, per intermediary. The same purchase limit will not apply to qualified investors.