Sberbank Sees 4 Trillion Rubles First-Year Crypto Trading Volume Under New Rules
Sberbank deputy chairman Anatoly Popov projects 4 trillion rubles in regulated Russian crypto trading volume for the first year after September 1 rules took effect.
Anatoly Popov, deputy chairman of Sberbank, stated that Russia's regulated cryptocurrency exchange market could generate 4 trillion rubles, about $46.4 billion, in trading volume during its first year under new rules that took effect September 1.
Framework details and investor limits
Popov projected that volume could reach 7.5 trillion rubles, about $87.1 billion, by 2029. These figures are Sberbank estimates and depend on investor participation, regulatory implementation, and the number of authorized platforms. President Vladimir Putin signed the legislation in early August. Retail investors face an annual limit of 300,000 rubles, about $3,700, per intermediary on selected liquid cryptocurrencies, while qualified investors have no such cap. Existing exchanges have until March 1, 2027, to comply, with some issuance provisions starting in 2027.
Sberbank product plans
Sberbank plans to offer loans secured by bitcoin, ether, and USDT once approved by the central bank, along with wallet and custody services by early December. Central bank approval remains required for specific assets and products. All volume figures are Sberbank projections rather than government targets.