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Home›Crypto›Regulation›Sberbank targets $46 billion in crypto trading, plans…

Sberbank targets $46 billion in crypto trading, plans Ethereum and USDT loans

Decrypt reports Sberbank expects crypto trading to reach 4 trillion rubles in its first year, with crypto-backed lending set to expand once regulators approve.

Reported · Written up by our desk · Regulation

Russia’s Sberbank is preparing to scale up its crypto activities, targeting crypto trading volume of $46 billion and expanding its lending products to include Ethereum and USDT-backed loans, Decrypt reports.

Decrypt says the bank’s deputy chairman Anatoly Popov told state media that crypto trading could reach 4 trillion rubles in the first year.

The bank also plans to broaden crypto-backed lending after regulators sign off, according to Decrypt.

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Sources

DecryptRussia's Sberbank Sees $46 Billion in Crypto Trading, Plans Ethereum and USDT-Backed Loans

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