Sberbank, Russia's largest bank, projects the country's first year of regulated cryptocurrency trading will reach at least 4 trillion rubles ($46.43 billion), with volume expected to grow to about 7.5 trillion rubles ($87.06 billion) by 2029. Deputy board chairman Anatoly Popov said most trading volume will still occur outside the regulated exchange system, with roughly 20% — 3.5 trillion to 4 trillion rubles annually — expected to move through exchanges. New rules taking effect September 1 allow investors to buy crypto legally through brokers. Non-qualified investors can purchase up to 300,000 rubles per year through a single licensed intermediary after passing a risk awareness test, while qualified investors face a 3 million ruble cap. Official exchanges may list only bitcoin, ether and USDT; other altcoins are barred. Exchanges must complete registration by July 1, 2027.
Russia's largest bank expects the country's first year of regulated cryptocurrency trading to generate at least 4 trillion rubles ($46.43 billion) in volume.
Anatoly Popov, deputy chairman of Sberbank's executive board, said the figure could climb to about 7.5 trillion rubles ($87.06 billion) by 2029 as investors shift toward the official trading system.
Most volume stays outside exchanges
Popov said the majority of crypto trading volume will still bypass the regulated exchange ecosystem. In the first year, roughly 20% of volume — 3.5 trillion to 4 trillion rubles annually — is expected to go through exchanges.
Rules take effect September 1
The new regime takes effect September 1 and allows investors to buy crypto assets legally through brokers. Non-qualified investors can purchase up to 300,000 rubles of crypto per year through a single licensed intermediary, provided they pass a risk awareness test. Qualified investors face a higher cap of 3 million rubles.
Only three tokens
Official exchanges can trade bitcoin, ether and USDT only. Other altcoins are excluded. Exchanges have until July 1, 2027 to complete registration.
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