Discover How Moscow’s Latest Trick Could Make Money Appear Out of Thin Air! 💰🎩

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Discover How Moscow’s Latest Trick Could Make Money Appear Out of Thin Air! 💰🎩

The Moscow Exchange has decided to dip its toes into the swirling, chaotic pond of cryptocurrencies with a new bitcoin index. Because when you think “safety,” you definitely think of the word “cryptocurrencies,” right? 🤔

Moscow Exchange Bravely Goes Where Many Fear to Tread: The Land of Bitcoin 🤑

The illustrious Moscow Exchange (known affectionately as MOEX by those who like to abbreviate things to make them sound more important) has launched a shiny new MOEX Derivatives Market Bitcoin Index, lovingly called MOEXBTC. It’s a bit like planting a flag on a digital hill—except the flag is made of blockchain and the hill is made of financial uncertainty.

The exchange’s official pronouncement (which, surprisingly, was not in rhyme or accompanied by a dramatic drumroll) states:

On June 10, 2025, the Moscow Exchange will launch the calculation and publication of a new MOEX Derivatives Market Bitcoin Index.

“The index code is MOEXBTC,” they added, as if that was obvious, “and it will be based on price data from perpetual futures and swaps for BTCUSDT, snatched from four major cryptocurrency exchanges—Binance, Bybit, OKX, and Bitget. Sounds complex? It’s just like baking a cake, if your ingredients include future contracts and a dash of confusion.”

The index will be calculated using a weighted average—because what could possibly go wrong?—blending prices from these platforms to give a “comprehensive” measure of Bitcoin’s elusive value. Think of it as trying to find the true worth of a unicorn in a marketplace full of horses, donkeys, and, frankly, people in fancy hats.

The exchange hints that one day, this index might be used as a foundation for other financial instruments, because if you’re going to gamble, might as well make it sound sophisticated and official. Crypto smiling

This move comes after MOEX started dabbling in crypto-related futures just a few days earlier—because nothing says “trustworthy” like jumping headfirst into digital chaos. Market experts told Tass that investors were rather enthusiastic, probably because they enjoy rollercoasters or, more likely, the thrill of losing money in style.

Meanwhile, the Bank of Russia (the vigilant overlord of all things financial) has given a cautious thumbs-up, permitting qualified investors to buy derivative securities linked to cryptocurrency values. They say, “Don’t try this at home,” but then proceed to give out the recipe to the brave—because regulation is just a fancy word for “we’re watching, but also really curious.”

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2025-06-11 06:59