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 blockchai...
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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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