Sberbank Sees Russian Regulated Crypto Trading Reaching $87 Billion by 2029

Russia's state-owned bank, Sberbank, predicts that regulated crypto trading could reach up to $87 billion by 2029. According to Anatoly Popov, Deputy Chairman of Sberbank, Russia's regulated cryptocurrency trading volume may reach between 3.5 trillion and 4 trillion rubles, or $46.43 billion, during its first year following legalization.

Popov described the estimates as conservative, citing data from the Ministry of Finance that shows crypto transactions within Russia amount to around 50 billion rubles daily, totaling approximately 18 trillion rubles annually. SberCIB Investment Research projected that about 20% of this total, equivalent to 3.5 to 4 trillion rubles, could initially transition to regulated platforms once the appropriate legal framework is in place.

Regulated trading begins with conservative estimates, and only a fraction of Russia's existing crypto transaction volume is likely to enter the official market soon after new regulations take effect. Sberbank believes that Russia's regulated crypto market will expand in the coming years as domestic infrastructure matures.