Ripple (XRP) Sees Big Adoption Boost in Russia: Here’s What You Need to Know

According to a recent local report from Bits Media, Russia’s largest securities exchange is planning to start calculating and publishing indexes tracking the performance of some of the most popular altcoins, such as XRP, SOL, TRX, and BNB.

The data for the new products will come as follows: 50% from Binance, 20% from Bybit, and 15% from OKX and Bitget.

The update reveals that already existing indexes such as MOEXBTC and MOEXETH will display time-sensitive information every 15 seconds during trading sessions. As of now, they are being updated only once per day, and the results are published no later than 18:00 Moscow time.

The Moscow Exchange will also expand its crypto benchmarks to 10 in the near future, with some of the potential names being: Dogecoin, Cardano, Hyperliquid, and Chainlink.

It’s worth noting that these instruments are available only for professional investors, the report clarified.

The exchange’s head product manager, Maria Silkina, recently informed that the company also plans to launch certain derivatives tracking the performance of the two largest cryptocurrencies by market cap.

The new indexes tracking SOL, XRP, BNB, and TRX come in a rather positive time for the digital asset industry, as prices have headed north over the past few weeks. BTC is up to a multi-month peak at over $80,000, while some altcoins are trying to follow suit.

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