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Russian Crypto Wallets Hit 827 Billion Rubles Amid Increased Incoming Flows
The remaining balances on Russian citizens' cryptocurrency wallets were valued at 827 billion rubles. From the fourth quarter of 2024 through the first quarter of 2025, the volume of crypto asset flows attributed to Russians increased by 51.1% to approximately 7.3 trillion rubles, according to a recent Central Bank of Russia report citing 'Transparent Blockchain' data. Experts attribute this growth to the U.S. administration's policy shift towards more lenient crypto regulation, which has heightened interest in the market. Despite a slight decrease of 0.9% in the web traffic from Russian users to Bitcoin exchanges, their share in overall platform web traffic dropped to 4.5%. As of March 2025, the estimated total of Russian wallets on crypto exchanges amounted to 827 billion rubles, predominantly in Bitcoin (62.1%), followed by Ethereum (22%), and stablecoins USDT and USDC (15.9%).
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AI Analysis
The recent surge in cryptocurrency wallet balances among Russian investors signals a notable shift in market dynamics. The increase of over 51% in crypto asset flows suggests growing confidence or opp...
AI Recommendation
Investors and market participants should consider the implications of shifting regulatory landscapes and geopolitical influences on Russian crypto holdings. The rising balances could point to a longer...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.