Moscow Exchange will begin publishing four new cryptocurrency indexes tracking SOL, XRP, TRX and BNB on May 13, expanding its crypto benchmark lineup from two to six as Russia’s largest securities venue deepens its digital-asset infrastructure.
MOEX Adds Four Altcoin Benchmarks With Real-Time Updates
The exchange said it will launch indexes under the tickers MOEXSOL, MOEXXRP, MOEXTRX and MOEXBNB on May 13, 2026. The new products join existing bitcoin and ether benchmarks that MOEX introduced earlier.
All six crypto indexes will shift from once-daily calculation to updates every 15 seconds starting on the same date. The change brings the refresh cadence closer to what traders expect from traditional equity indexes.
MOEX said the calculation basket for its foreign digital-currency indexes draws prices from four exchanges: Binance at 50%, Bybit at 20%, OKX at 15% and Bitget at 15%. The weighting favors the largest venue by volume while distributing risk across multiple platforms.
Why SOL, XRP, TRX and BNB Were Selected
The four tokens represent distinct segments of the crypto market. BNB is tied to Binance’s exchange ecosystem, XRP targets cross-border payments, Solana anchors a high-throughput smart-contract network and TRON dominates stablecoin transfer volume on its chain.
Together, the four assets carried a combined market capitalization of roughly $252 billion at the time of MOEX’s announcement. That liquidity depth matters for index reliability, since thinly traded assets would produce unreliable benchmark readings.
Solana alone accounted for a market cap near $48.7 billion with 24-hour trading volume above $3.5 billion. Its DeFi ecosystem has grown substantially, providing fundamental usage beyond speculative trading.
The selection signals that MOEX views diversified altcoin coverage as commercially viable. Rather than limiting benchmarks to Bitcoin and Ethereum, the exchange is building reference points across multiple crypto narratives, similar to how tokenized instruments on Ethereum have expanded the range of crypto-linked financial products available to institutional participants.
What the New Indexes Could Mean for Russian Crypto Markets
Exchange-backed indexes serve as reference rates for structured products. Under current Bank of Russia guidance, financial institutions may offer qualified investors derivatives, securities and digital financial assets linked to cryptocurrency prices, provided those instruments remain non-deliverable.
That regulatory framework explains why MOEX is building benchmark infrastructure rather than launching spot crypto trading. Index products give asset managers and brokers a compliant way to offer crypto exposure without requiring actual token custody or settlement.
The 15-second refresh interval positions these benchmarks for use in intraday derivative pricing. A once-daily snapshot would be inadequate for options or futures tied to volatile crypto assets, but near-real-time updates allow continuous mark-to-market calculations.
This expansion fits a pattern where traditional exchanges globally are developing crypto reference products. The approach mirrors how regulated venues have handled commodity indexes, offering price discovery tools that underpin financial products without requiring physical delivery, much like how stablecoin regulatory frameworks in other jurisdictions aim to bridge traditional finance and digital assets.
MOEX noted it may eventually expand its crypto index family to as many as ten indicators. According to unconfirmed reports, future benchmarks could include Dogecoin, Cardano, Hyperliquid and Chainlink, though the primary MOEX release only references the possibility of expansion without naming specific tokens.
The launch comes as institutional interest in regulated altcoin exposure continues to grow. Recent developments such as Aave’s push to recover frozen ETH through legal channels and expanding tokenized equity products on public blockchains suggest that demand for compliant crypto-linked instruments extends well beyond Bitcoin alone.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
