The Moscow Exchange will begin calculating and publishing a Bitcoin index starting Tuesday, using data from major crypto platforms, as interest in digital assets grows in Russia amid Western sanctions.
The Moscow Exchange (MOEX) has announced that it will begin calculating and publishing a Bitcoin index starting on Tuesday.
In a statement released on Monday, the exchange said the index would be calculated based on aggregated data from global cryptocurrency exchanges including Binance, Bybit, OKX, and Bitget. The move marks a significant step as Russia continues to explore regulated ways to integrate digital assets into its financial infrastructure.
MOEX had previously introduced Bitcoin futures trading, available exclusively to qualified investors, signaling a cautious yet steady embrace of crypto-related financial products.
The shift comes in the context of increased cryptocurrency use in Russia, particularly after Western sanctions limited access to traditional international financial systems. In August of last year, President Vladimir Putin signed a decree allowing experimental use of cryptocurrencies in foreign trade and Forex transactions, providing a legal pathway for businesses to use digital currencies in cross-border deals.
As the use of cryptocurrencies for international payments continues to grow among Russian firms, the new index is expected to serve as a key benchmark for tracking market trends and pricing accuracy in the country’s evolving digital asset sector.
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