Russia's Crypto Market Sees Over $650M Daily Turnover, Finance Ministry Reports

The Russian Ministry of Finance has reported significant activity in the country's cryptocurrency market, with a daily turnover exceeding $650 million. This official data highlights the substantial scale of digital asset transactions within Russia, underscoring the market's depth despite the existing regulatory uncertainties. The announcement points to robust crypto adoption and liquidity among Russian investors and users. This level of turnover indicates a mature and active trading environment for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), reflecting ongoing interest in the asset class as both an investment and a medium of exchange. The Ministry's figures provide a valuable benchmark for understanding the real volume of crypto operations in one of the world's key economies.