The Moscow Exchange (MOEX) reported a record cryptocurrency futures trading volume of 48.7 billion rubles (approximately $636 million) in November. This surge is attributed to heightened market volatility, drawing significant interest from qualified Russian investors. The exchange's total derivatives market volume reached 11.7 trillion rubles, marking a 15.8% increase from November 2024. Open interest in exchange-traded derivatives exceeded 2.7 trillion rubles, up 22.7% year-over-year. Over 135,000 clients engage in futures and options trading on MOEX, with individual investors contributing nearly 55% of the total derivatives volume.