Trading
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Russia’s Sberbank Sees $46 Billion in Crypto Trading Volume
Russia's Sberbank anticipates significant cryptocurrency trading growth, projecting $46.43 billion in the first year and $87 billion by 2029 under new regulations. The bank plans to accept Ethereum and USDT as loan collateral, pending central bank approval. These initiatives align with Russia's new crypto law taking effect September 1, which governs trading, custody, and cross-border payments, while prohibiting domestic crypto payments. The Bank of Russia has approved Bitcoin, Ethereum, and USDT for public trading. Sberbank's expansion into crypto-backed lending addresses market demand in a high-interest-rate environment.
2026-08-31