Moscow Exchange Details Clearing and Settlement for Bitcoin, Ether and USDT Trades
By Unchained
AI summary of the source article
Moscow Exchange announced details for its planned crypto market launch on Dec. 1, enabling bitcoin, ether, and USDT trading cleared through the National Clearing Centre with same-day or next-day settlement.
Why it matters
Routing crypto through the National Clearing Centre (NCC) lets brokers already connected to MOEX reach bitcoin through the clearing and settlement setup they use for securities, instead of a separate venue. It also places the exchange in the same launch window as banks preparing their own crypto offerings.
Key facts
- MOEX plans to launch trading in BTC, ETH, and USDT on Dec. 1 with same-day (TOD) and next-day (TOM) settlement.
- Trades will be processed via the unified clearing of the National Clearing Centre (NCC) using MOEX's stock market technology.
- Non-qualified Russian investors must pass a test and are restricted to buying up to 300,000 rubles in crypto per year through a single broker.
Source excerpt · Unchained
A Nov. 2 release from the Russian exchange group adds clearing, settlement and swap details to a launch date it first floated in October, and says pilot deals will come first. The post Moscow Exchange Details Clearing and Settlement for Bitcoin, Ether and USDT Trades appeared first on Unchained .