Summary
- The Moscow Exchange announced that starting today, it will calculate and publish the Bitcoin index.
- It stated that the index is calculated based on derivatives price data for the BTC/USDT pair.
- This index could be used as an underlying asset for financial products in the future.
The Moscow Exchange (MOEX) in Russia will begin calculating and publishing a Bitcoin (BTC) index starting today.
According to Russian state news agency TASS on the 10th (local time), the Moscow Exchange announced, "Starting today, we will calculate and publish the 'MOEX Derivatives Market Bitcoin Index.'" The index code is MOEXBTC, and the index is calculated based on perpetual futures and swap price data for the BTC/USDT pair on major virtual asset (cryptocurrency) exchanges.
The media outlet stated, "This index can serve as an underlying asset for future financial products," and added, "Previously, the Moscow Exchange launched futures contracts linked to virtual asset prices for qualified investors."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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