Russian officials say daily cryptocurrency trading volume in Russia is approximately $650 million, with millions of citizens participating.

PANews reported on February 14 that, according to TASS, Russian Deputy Finance Minister Ivan Chebeskov stated at the Alfa Talk conference that daily cryptocurrency transactions in Russia amount to approximately 50 billion rubles (about $650 million), with millions of citizens participating.

Chebeskov stated that cryptocurrency usage in Russia continues to grow, involving millions of citizens and amounting to trillions of rubles. He indicated that this trend reflects a significant increase in Russian public interest in digital assets as a savings tool. The Russian Ministry of Finance has previously stated on multiple occasions that the market size is in the trillions of rubles.

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