Sberbank Secures Regulatory Approval to Launch Crypto Trading in December

Key Facts

1Sberbank received authorization from the Bank of Russia to begin trading cryptocurrencies.

2The bank plans to launch Bitcoin, Ethereum, and USDT trading services on December 1.

Sberbank received authorization from the Bank of Russia to begin trading cryptocurrencies. According to crypto-economy.com, the bank plans to launch trading services for Bitcoin, Ethereum, and USDT on December 1.

The move follows a broader shift in the Russian regulatory stance toward digital assets, aiming to integrate crypto trading into major banking platforms. This authorization provides retail access to the crypto market through the country's largest banking institution.