07:47
Sanctioned Russian VTB Bank plans to test spot crypto trading in 2026, opening it to high-net-worth clients
VTB, Russia's second-largest bank, is planning to launch a regulated spot cryptocurrency trading service in 2026, targeting high-net-worth and qualified investors. This move marks the first official entry of a major Russian bank into the spot cryptocurrency market, and also indicates that Russia is accelerating the implementation of its digital asset regulatory framework under the pressure of international sanctions.
According to local media reports on December 3, VTB has already begun testing crypto trading services with select high-net-worth clients. The bank emphasized that in the future, this service will be limited to qualified investors who meet specific portfolio size or income standards and will not be fully open to the general public. The move aims to provide a diversified asset allocation channel for a limited range of clients under controllable regulatory conditions.
