VTB Bank to Launch Russia's First Spot Crypto Trading Platform: A Major Step for Digital Assets

Russian state-owned banking leader VTB is set to pioneer spot cryptocurrency trading services in the country, according to a report. This landmark move positions VTB as the first major Russian bank to offer direct trading of digital assets like Bitcoin (BTC) and Ethereum (ETH) for its clients. The initiative signals a significant shift in the institutional adoption of cryptocurrencies within Russia's financial landscape. The platform is expected to provide a regulated and secure environment for trading, potentially increasing mainstream access and liquidity for crypto markets in the region. Analysts view this development as a crucial step in bridging traditional finance with the emerging digital asset economy.