Moscow Exchange plans to launch direct trading in Bitcoin, Ethereum and Tether’s USDT on December 1, 2026, using its existing stock-market infrastructure. The service is expected to operate from 6:50 a.m. to 11:50 p.m. Moscow time, with orders matched through an electronic order book and swap transactions available for liquidity management. Retail investors classified as nonqualified must pass a knowledge test and will be limited to 300,000 rubles in annual purchases through each intermediary, while qualified investors face no equivalent purchase ceiling. Brokers will provide access and partner digital depositories will custody and record customers’ crypto holdings. The launch follows Russia’s crypto rules, which took effect on September 1, and testing with professional market participants that began in early October. Moscow Exchange already offers crypto perpetual futures, while Sberbank is preparing a separate December service covering trading, custody and settlement for eligible customers.