The expert predicted the inflow of capital to the Russian cryptocurrency market
The volume of the Russian cryptocurrency market after the legalization of their circulation and the launch of organized trading can reach 1 trillion rubles. Roman Kozhura, an expert on the crypto market, told Izvestia about this.
"According to our calculations, after the legalization of circulation and the launch of organized trading, the capacity of the cryptocurrency market in Russia in the baseline scenario may amount to about 1 trillion rubles," he said.
According to the expert, in order to assess the potential annual exchange turnover, it is necessary to take into account the amount of funds that Russians already store in digital currencies. According to the Bank of Russia, at the end of the first quarter of 2026, the average monthly balances on foreign crypto exchanges amounted to about 720 billion rubles. Of this amount, 60% was accounted for by bitcoin, 8% by Ethereum, and 32% by other crypto assets.
Kozhura stressed that with high demand from Russians, the legal domestic cryptocurrency market remains virtually unfilled. The main sources of its growth may be new investments and the transfer of existing assets from foreign sites.
At the same time, the expert considers the return of capital from foreign exchanges to be the main factor. In his opinion, legalization will make it possible to transfer existing cryptocurrency operations to a regulated segment, ensuring their transparency, taxation and additional earning opportunities for trading platforms.
On November 11, the Bank of Russia announced that Russian exchanges will be able to trade cryptocurrencies from November 22, but first they must coordinate trading rules with the Central Bank. Exchanges should provide information about the course of trading and their results to the Central Bank in the same manner as they do now with other assets.
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