Russia’s Crypto Trading Legalization Targets $46B in First Year
- Russia has legalized broker crypto trading, expecting a volume of $46.43 billion in the first year.
- Retail investors face an annual purchase cap of approximately $3,800, limiting market growth.
- Only Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) are approved for trading on official exchanges.
- Sberbank projects regulated trading to grow to around $87.06 billion by the year following legalization.
- Non-qualified investors can invest up to about $38,000 after passing a risk awareness test.
The Bank of Russia’s new regulations allow legal crypto purchases through brokers, with expectations set for significant trading volumes despite strict investment limits for retail investors and limited cryptocurrency options on official platforms.
Sberbank anticipates that only a fraction of current crypto activity will transition to regulated platforms initially, with projections indicating potential growth in regulated trading volumes over time as more investors migrate to these official systems. Source
