Russia crypto trading could reach $46B in year one

Russia’s regulated crypto trading market could process between 3.5 trillion and 4 trillion rubles during its first year, according to an Aug. 29 forecast from SberCIB Investment Research. Summary SberCIB estimates regulated Russian crypto trading could reach four trillion rubles during its first year. The forecast represents roughly 20% of Russia’s estimated annual cryptocurrency transaction volume today, Popov said. Non-qualified investors face annual purchase limits of 300,000 rubles through each intermediary after testing requirements. Existing crypto exchange providers have until July 2027 to register under Russia’s new licensing framework. Bitcoin, Ether and USDT currently meet proposed criteria for organized trading by ordinary Russian investors. The upper estimate equals approximately $46.43 billion at the exchange rate used by TASS. Sberbank Deputy Chairman Anatoly Popov said the annual figure could rise to about 7.5 trillion rubles, or $87.06 billion, by 2029. The projection is not a guaranteed minimum. Contrary to some secondary reports, TASS said first-year volume was “not expected to exceed” 4 trillion rubles. The 3.5 trillion-to-4 trillion-ruble range should therefore ...