VTB Bank, Russia’s second largest bank, is launching cryptocurrency services. The public bank, in which the Russian state has a majority stake, is among the 150 largest in the world. Its total assets are over $35 trillion and it has nearly 25 million active customers. The target for next year is 35 million.
Public Bank Cryptocurrency Service
VTB, one of Russia’s largest banks, will provide cryptocurrency services to customers with investment portfolios of over $1.3 million or annual income of over $649,000 next year. Between 20,000 and 40,000 people meet these conditions. VTB Bank It is estimated that he is a customer.
VTB’s head of brokerage services, Andrey Yatskov, said in his statements today that many customers are interested in cryptocurrency products.
“From what we see, real cryptocurrencies will be available for purchase through our brokerage accounts.”
cryptocurrency Its transactions were fully regulated by Russia, and many Russian giants, including Sberbank, entered the business. The Central Bank of Russia allows banks in the country to offer crypto derivatives.
Stating that customers’ interest in cryptocurrencies is extremely high, Andre says that they will launch cryptocurrency services as of next year as the global trend reflects this.
Central Bank of Russia and Crypto
At the beginning of the week, the bank’s first vice president, Vladimir Chistyukhin, said that they were considering loosening the restrictions they had put in place for cryptocurrencies. VTB Bank’s announcement that they will launch crypto services next year is a very significant move.
Russia When he started the war in 2022, many Russian oligarchs lost their assets. to cryptocurrencies He turned it around and transported it to Dubai. Due to the freezing of Russian assets on a global scale, Putin embraces the idea that cryptocurrencies are safe in this aspect. Although access to cryptocurrencies has been opened for a limited number of customers, Russian citizens who want to protect themselves from possible losses of the local currency and keep their assets safe, moving their assets to cryptocurrencies with bank assurance may create stronger demand than expected.
Bitcoin 
$86,989.86 The price is at $92,800 at the time of writing, and after Putin’s statements that almost put a stop to Trump, everyone’s eyes are on the statements Trump will make.
