According to the Bank of Russia, as of the end of March 2025, the balances of cryptocurrencies in the wallets of Russians on cryptocurrency exchanges amounted to 827 billion rubles, which is 27% more compared to September 2024 (651 billion rubles). This is reported in the Central Bank's financial stability review. The asset structure is distributed as follows: 62.1% is accounted for by $BTC , 22% — by $ETH , 15.9% — by stablecoins $USDT and $USDC . The volume of cryptocurrency transactions related to Russians for the IV quarter of 2024 and I quarter of 2025 increased by 1.5 times, reaching 7.3 trillion rubles. The growth in interest in crypto assets is associated with softer regulation in the USA, including support for Bitcoin reserves and cryptocurrency ETFs. However, the Central Bank notes an increase in sanctions risks for Russian companies. Despite the increase in activity, web traffic from Russians to cryptocurrency platforms decreased by 0.9%, to 165.4 million visits. The regulator emphasizes that cryptocurrencies are not considered a means of payment and proposes fines for their illegal use.
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