Moscow Exchange will expand its cryptocurrency derivatives market on Sept. 22 with five cash-settled perpetual futures tied to Bitcoin, Ethereum, Solana, XRP and TRON, placing the new products in a week that also brings the closure of BitMEX and several wallet, token and oracle-service deadlines.
The contracts — BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF and TRXUSDF — will be quoted in U.S. dollars and settled in rubles without delivery of the underlying cryptocurrency, Moscow Exchange said. Access will be restricted to qualified investors under the venue’s existing eligibility rules.
The listings extend a crypto derivatives offering that Moscow Exchange launched last summer. The exchange said more than 72,000 qualified investors have traded its initial crypto futures products, generating cumulative turnover above 600 billion rubles. Adding Solana, XRP and TRON expands the product set beyond the two largest cryptocurrencies and offers regulated local exposure to tokens that have substantial trading activity elsewhere.
Cash settlement means participants receive or pay the contract’s profit and loss in rubles rather than taking custody of Bitcoin, Ethereum or other tokens. That structure reduces the operational need for traders to handle wallets or on-chain transfers, while retaining the leverage and liquidation risks associated with perpetual futures.
BitMEX users face withdrawal deadline
BitMEX is scheduled to close at 12:00 Beijing time on Sept. 23, following an earlier halt to new-user registrations and new position openings. Since Aug. 26, customers have been able only to reduce existing positions.
The exchange said all remaining open positions will be force-closed after the shutdown. KYC-verified users who leave assets on the platform after closure will face an account-management charge of $50 a month or 1% of the account balance, whichever is greater. BitMEX has also indicated that the charge may rise.
The timetable makes Sept. 23 an operational deadline rather than a routine service update for customers with balances or derivatives positions. Users need to consider withdrawal processing times, address checks and any asset-specific transfer requirements before the platform closes. Traders holding positions also face the prospect of forced closure rather than being able to choose when to exit.
The BitMEX shutdown comes as Moscow Exchange adds products designed for qualified domestic market participants. The two events do not serve the same customer base or regulatory framework, but together they illustrate a redistribution of crypto trading activity: one established derivatives venue is winding down while another is widening its regulated product catalogue.
Token and wallet migration dates cluster on Sept. 22
Sept. 22 also marks the final day for eligible SAND holders to seek compensation following The Sandbox’s Aug. 22 cross-chain bridge incident involving Base and BNB Chain.
The Sandbox opened the claims window on Sept. 8 and plans to provide a 1:1 replacement of SAND on Ethereum to wallets that held bridged SAND before the incident. Eligible users must complete the process by the deadline to receive the replacement under the program’s stated terms.
Zilliqa is scheduled to activate its second exchange-migration hard fork at 07:21 UTC on Sept. 22, at block height 36,383,378. The upgrade is intended to move participating exchanges’ ZIL holdings from legacy wallets to verified Zilliqa EVM addresses.
The migration focuses on exchange-held balances rather than ordinary users moving tokens independently. Bithumb is expected to complete its own transition during Zilliqa’s third hard fork, according to the migration plan. For users, the practical issue is whether their exchange has announced support and whether deposits or withdrawals will be paused around the upgrade.
Cross-chain compensation events and exchange migrations can create confusion because token balances may appear on more than one network or wallet format. The relevant deadlines and official wallet instructions matter more than short-term speculation around the token, particularly where a bridge incident or hard fork affects deposit addresses.
Phantom and Coinbase alter asset support
Phantom will discontinue support for Sui on Sept. 24. The wallet has directed users to move their Sui activity to another Sui-compatible application or swap Sui into assets that remain supported within Phantom. It said swaps connected to the transition would carry no fee.
The change removes Sui from one of the more widely used multi-chain wallet interfaces. It does not shut down the Sui network or prevent users from holding SUI through other compatible wallets, but it requires Phantom users to decide whether to migrate their wallet access or convert assets before support ends.
Coinbase is separately preparing to suspend trading in IoTeX’s IOTX token at about 02:00 China time on Sept. 24 across Simple and Advanced Trade, Coinbase Exchange and Coinbase Prime. Its IOTX order books have already entered limit-only mode, allowing users to place or cancel limit orders but preventing normal market trading.
A trading suspension on a major platform can reduce the available routes for buying or selling a token for customers who rely on that venue. The limit-only phase also changes how orders are handled ahead of the halt, making it especially relevant for traders with outstanding IOTX instructions.
Switchboard, an oracle protocol whose data feeds have been used by decentralised applications, is due to cease operations on Sept. 25. Switchboard Technology Labs, its core developer contributor, said it would wind down remaining activity. Implementations stopped receiving maintenance immediately and will receive no support after the closure date.
Protocols using Switchboard will need to migrate data-feed dependencies to alternatives such as Pyth or RedStone. Oracle services supply external price and market data to smart contracts, so a transition can require technical work beyond simply replacing a token or wallet connection.
Federal Reserve speakers add macro risk
The week also includes a packed calendar of Federal Reserve appearances, which could influence risk assets if officials offer fresh guidance on inflation, growth or interest-rate policy.
Chicago Fed President Austan Goolsbee is scheduled to speak on Sept. 21 at 18:30. New York Fed President John Williams and Federal Reserve Vice Chair Philip Jefferson are listed for Sept. 22 at 22:05 and 22:20, followed by Richmond Fed President Thomas Barkin at 01:00 on Sept. 23.
Williams is due to speak again on Sept. 24 at 16:10, with Barkin appearing at 20:00, Cleveland Fed President Beth Hammack giving opening remarks at 20:50, and Philadelphia Fed President Anna Paulson scheduled at 22:10. Williams has another appearance set for Sept. 25 at 17:15.
No single speech necessarily signals a policy change, yet the concentration of appearances gives markets several opportunities to reassess the outlook for borrowing costs. Crypto derivatives, especially perpetual contracts, can react sharply when changing rate expectations alter demand for risk-sensitive assets.
SoftBank’s planned expansion of AI financing capacity adds another macro-market thread. People familiar with the matter said the group is finalising nearly $21 billion in potential borrowing, including a larger margin loan backed by Arm Holdings shares, an expanded credit facility and a proposed jumbo bond sale. The plans point to the scale of financing being assembled around AI infrastructure, though they remain separate from the crypto-specific deadlines concentrated between Sept. 22 and Sept. 25.
Stay ahead of crypto perpetual futures trends as exchanges evolve and major derivatives platforms like BitMEX wind down operations.
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