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09/01/2026

Sberbank Projects $46B in First-Year Regulated Crypto Trading in Russia

What happened: Sberbank, Russia's largest bank, forecasts that newly regulated crypto exchanges could see 4 trillion rubles (~$46.

Sberbank Projects $46B in First-Year Regulated Crypto Trading in Russia

What happened: Sberbank, Russia's largest bank, forecasts that newly regulated crypto exchanges could see 4 trillion rubles (~$46.4 billion) in trading volume during their first year under the country's new legal framework, which takes effect September 1, 2026. Only Bitcoin, Ethereum, and USDT will be approved for trading initially, with non-qualified investors limited to 300,000 rubles per year and subject to testing. Sberbank plans to launch a crypto wallet and digital asset depository by December 2026.

Why it matters: The $46 billion projection comes directly from Sberbank, which stands to benefit most from onshore trading. While the new rules mark a major shift for Russia's crypto landscape, the forecast lacks independent validation and domestic crypto payments remain banned. Sberbank's push into crypto custody and lending signals growing institutionalization, but the real impact will depend on actual market uptake and regulatory enforcement.

Source: The Block