MOSCOW, 29th August, 2026 (WAM) -- Cryptocurrency trading volumes in Russia are not expected to exceed 4 trillion rubles ($46.43 billion) a year in the first year after legalisation and may reach around 7.5 trillion rubles ($87.06 bn) by 2029, Anatoly Popov, Deputy Chairman of the Management Board of Sberbank said.
"According to Finance Ministry data as of February, the daily volume of cryptocurrency transactions in Russia is around 50 bn rubles, or roughly 18 trillion rubles a year. SberCIB Investment Research analysts have a fairly conservative estimate: in the first year after legalization, around 20% of this volume, or 3.5-4 trillion rubles a year, will be traded on exchanges. This figure could rise to 4.75-5.25 trillion rubles by 2028 and to 7.5 trillion rubles by 2029," he told TASS in an interview ahead of the Eastern Economic Forum (EEF).
Popov explained that the conservative forecast reflects the fact that a significant share of transactions will continue to be conducted through cryptocurrency exchange services, bypassing exchange trading. In addition, the law takes effect on September 1, but professional market participants have until July 1, 2027, to obtain licenses, meaning the market will not reach full maturity over the next year.
The Eastern Economic Forum will be held on September 1-4 in Vladivostok on the campus of the Far Eastern Federal University. The forum is organized by the Roscongress Foundation with the support of the Russian government. TASS is the general information partner.