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Russian Crypto Trading Continues Even as Sanctions Tighten 



 
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Despite the tightening sanctions against Russia, crypto trading in the country continues. Russian investors appear to continue to conduct transactions in BTC and other cryptocurrencies. Data from Kaiko, a blockchain analytics firm indicates that Ruble-bitcoin trading volumes rose on Saturday, making this the highest level in 2022. 
The majority of ruble-denominated crypto trading volumes appeared to be conducted using the Tether stablecoin, which is backed 1-1 with fiat. 
Bitcoin rubble transactions also grew by a higher magnitude on March 5, according to Kaiko. The transaction volume for Bitcoin-ruble …
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Russian Crypto Trading Continues Even as Sanctions Tighten 

Russian Crypto Trading Continues Even as Sanctions Tighten

 

Image

Despite the tightening sanctions against Russia, crypto trading in the country continues. Russian investors appear to continue to conduct transactions in BTC and other cryptocurrencies. Data from Kaiko, a blockchain analytics firm indicates that Ruble-bitcoin trading volumes rose on Saturday, making this the highest level in 2022. 

The majority of ruble-denominated crypto trading volumes appeared to be conducted using the Tether stablecoin, which is backed 1-1 with fiat. 

Bitcoin rubble transactions also grew by a higher magnitude on March 5, according to Kaiko. The transaction volume for Bitcoin-ruble …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.




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