Russia's crypto trading volume is projected to reach $46.43 billion in its first year.
2 hours ago
According to TASS, Anatoly Popov, deputy chairman of Russia's Sberbank, said Russia's cryptocurrency trading volume is expected to top 4 trillion rubles (around $464.3 billion) in its first year, and could hit 7.5 trillion rubles (about $870.6 billion) by 2029. Popov noted that data from Russia's Ministry of Finance shows as of February this year, Russia's daily cryptocurrency trading volume was roughly 50 billion rubles, translating to an annual volume of about 18 trillion rubles. SberCIB investment research analysts, taking a more conservative stance, project that after cryptocurrency is legalized, roughly 20% of the annual trading volume — equivalent to 3.5 trillion to 4 trillion rubles — will be executed on trading platforms in the first year. This figure is forecast to rise to between 4.75 trillion and 5.25 trillion rubles by 2028, and reach 7.5 trillion rubles by 2029.
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