In June, Russian users took first place in the number of visits to five global crypto platforms. What does this increased interest in crypto and its trading mean?
The cryptocurrency market continues to be of great interest to Russians. While the Central Bank takes a rather tough position regarding the digital asset sector, users are flocking to global platforms.
Perhaps the activity in June was attributable to the implementation of payments and to the demand for a highly profitable asset. This interest may be patchy, but for a more detailed analysis we need to wait for new data to come out.
Russian investors have previously been quite active in relation to cryptocurrency, but over time their access to world exchanges has become noticeably more complicated. It is possible that new options for bypassing these hurdles have now appeared, which has simplified access to cryptocurrency exchanges.
Interest in cryptocurrencies also shows the need among Russians for alternative assets and investment methods.