Summary
- Russia's second-largest bank VTB announced it will offer a Bitcoin (BTC) spot trading service to customers starting in 2026.
- VTB said it will start with customers with assets of at least $1.3 million and plans to expand the service to retail customers in the future as regulatory easing takes place.
- It reported that VTB's entry into spot trading after digital asset derivatives is expected to expand access to digital asset investments in Russia.
Russia's second-largest bank VTB is expected to provide Bitcoin (BTC) trading services to customers starting in 2026.
On the 5th (Korean time), Atlas21 reported that VTB will offer spot trading services for virtual assets (cryptocurrencies), including Bitcoin. This is the first time a major bank in Russia will provide a service that allows direct trading of digital assets such as Bitcoin.
VTB will initially start the service for customers with assets of at least $1.3 million and plans to expand the service to retail customers in the future as regulations are eased. VTB was allowed to trade digital asset derivatives earlier this year, and this spot trading service also became possible as part of regulatory easing.
VTB currently has more than 1300 branches across Russia, and its market capitalization is approximately $244 billion.
Uk Jin
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