October 9, 2025

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Analyst: Cash-to-Crypto Exchange Market Reaches Billions in Russia

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Analyst: Cash-to-Crypto Exchange Market Reaches Billions in Russia
Analyst: Cash-to-Crypto Exchange Market Reaches Billions in RussiaThe gray cash‑to‑crypto exchange market in Russia moves billions, with Moscow serving as the main hub. Alexey Korolenko, executive director of Cifra Markets, says that while the government has cracked down on some activity, it is difficult to close all trading offices. Russia Moves Billions in Cash-to-Crypto Operations, Analyst Estimates While Russian authorities have recently […]