Sberbank expects significant trading activity as Russia develops a regulated market for digital assets.
Russia’s largest bank, Sberbank, expects trading linked to its crypto rollout to reach 4 trillion rubles, or about $46.43 billion, in the first year, according to comments attributed to deputy chairman Anatoly Popov. The bank projected volume of 7.5 trillion rubles by 2029 and has announced plans for a crypto wallet and digital-asset custody. It is also considering Bitcoin and other cryptocurrencies as loan collateral. The expansion follows new Russian rules for digital currencies and exchange operators, although using crypto as domestic payment or legal tender remains prohibited.
AI-generated analysis based on the reported information above.
Sberbank’s forecast indicates that regulated trading and custody could become sizeable even while crypto payments remain restricted. A large bank’s participation may improve institutional access and infrastructure, but actual demand will depend on final rules, eligible clients and operating constraints. Accepting crypto as collateral could further connect digital assets with conventional credit risk. Market participants should watch implementation details, retail limits and whether projected volumes reflect new activity or trading that migrates from less formal channels.
