Russia Steps Deeper Into Crypto As State Bank Prepares Direct Trading
NeutralCryptocurrency

- VTB, Russia's second-largest bank, has announced plans to allow clients to buy and sell real cryptocurrencies through its brokerage service, targeting a rollout in 2026, pending regulatory approval. This initiative marks a significant shift from the derivative products previously offered by Russian banks, indicating a move towards integrating traditional finance with digital assets for high-net-worth individuals.
- The introduction of direct cryptocurrency trading is expected to cater to the growing demand among affluent clients for actual crypto assets rather than just derivatives. VTB's decision reflects a strategic pivot to enhance its service offerings and attract wealthy investors seeking exposure to the cryptocurrency market.
- This development aligns with broader trends in Russia's financial landscape, where the Kremlin is considering regulatory frameworks for cryptocurrency, including the classification of Bitcoin mining as an export. VTB's initiative could pave the way for increased mainstream adoption of cryptocurrencies in Russia, potentially influencing other financial institutions to follow suit.
— via World Pulse Now AI Editorial System
