Sber Forecasts $46 Billion Crypto Trading Volume in Russia After Legalization

Russia's largest bank, Sber, forecasts that regulated domestic cryptocurrency exchanges will generate trading volumes reaching $46.4 billion within the first year following legalization.

The new regulations, which are set to take effect on September 1, aim to balance market accessibility with risk management measures for retail participants.

According to Anatoly Popov, Deputy Chairman of Sber, annual trading volumes for regulated platforms in Russia could climb to 7.5 trillion rubles by 2029.

However, the forecasts remain conservative due to persistent activity on unregulated international exchanges, which many Russian users may continue to favor despite the legal changes.