Cryptocurrency trading in Russia decreased in volume by 2 times

In the Russian Federation, the volume of cryptocurrency trading has decreased. The traffic of digital assets on March 18 fell by 2 times. Transfers in rubles to Tether also decreased to $7.4 million, and previously the maximum was $38 million.

The peak of the movement of the cryptocurrency fell on March 7 and amounted to $70 million. However, by March 18, this figure had fallen by 2 times. True, Chainalysis analysts say that this indicator only shows the money transfers of Russian traders on cryptocurrency exchanges.



As for transfers in the ruble-USDT (Tether) currency pair, the exchange volume amounted to less than $5 million. At the same time, the exchange of the ruble for other cryptocurrencies takes place only on three cryptocurrency exchanges - Yobit, LocalBitcoins and Binance.

Recall that the Binance cryptocurrency exchange refused to block Russian users, despite pressure from the global community. The head of the exchange called it unethical.

If you decide to try your hand at the world of cryptocurrencies, do it with a trusted and reliable partner - BINANCE

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CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources. Cryptocurrency is a high-risk asset, investments in it can lead to losses. Readers should do their own research before taking any action.

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