Russia Approves Top Cryptocurrencies for Retail Trading
Russia's central bank has approved Bitcoin, Ethereum, and Tether's USDT for retail trading on domestic exchanges.
The approval is part of a broader framework under Russia's new licensed crypto market regime, which sets specific criteria for retail investors to adhere to, including using approved intermediaries and passing a risk assessment test.
The bank cited factors such as market capitalization, daily volume, and history in making its decision. However, XRP has been excluded from the list of approved cryptocurrencies for retail access.
Market participants have interpreted this move as indicative of ongoing regulatory challenges for XRP, which remains unavailable for retail trading despite being integrated into Russia's institutional offerings.