Russia's Compliant Crypto Trading Expected to Reach $46.43 Billion in Its First Year

The Deputy Chairman of Sberbank's Executive Board, Anatoly Popov, stated that the volume of compliant crypto trading in Russia is expected to reach at least 4 trillion rubles in its first year, equivalent to approximately $46.43 billion. By 2029, as investors shift towards the official trading system, the volume is projected to increase to around 7.5 trillion rubles, or about $87.06 billion. Most of the crypto trading volume will still flow outside the regulated exchange system, with about 20% of the trading volume in the first year, or 3.5 trillion to 4 trillion rubles, being conducted through exchanges. The relevant regulations will come into effect on September 1, allowing investors to legally purchase crypto assets through brokers. Non-qualified investors can purchase up to 300,000 rubles in crypto assets annually through a single licensed intermediary, and they must pass a risk awareness test; the investment limit for qualified investors is set at 3 million rubles. Currently, official exchanges can only trade Bitcoin, Ethereum, and USDT, while other altcoins will be excluded; exchanges must complete their registration by July 1, 2027.

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