The Russian cryptocurrency market is experiencing strong growth as institutional investors pour trillions of rubles into digital assets and expand industrial mining. GIS Mining director Vasily Girya stated at the St. Petersburg International Economic Forum (SPIEF-2025) that the cryptocurrency assets of Russians surpassed 2 million rubles (25.4 billion USD) by the end of the first half of 2025.
This increase indicates a strong acceptance of digital currency by Russians, despite regulatory changes. Investment companies are optimistic about the profitability and stability of cryptoasset mining. They continue to expand their portfolios and strengthen orders with mining operators. Abundant energy resources help Russia become a strong competitor in the global cryptoasset economy.
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The amount of cryptocurrency held by Russians has surpassed $25.4 billion amid a surge in institutional investments.
The Russian cryptocurrency market is experiencing strong growth as institutional investors pour trillions of rubles into digital assets and expand industrial mining. GIS Mining director Vasily Girya stated at the St. Petersburg International Economic Forum (SPIEF-2025) that the cryptocurrency assets of Russians surpassed 2 million rubles (25.4 billion USD) by the end of the first half of 2025.
This increase indicates a strong acceptance of digital currency by Russians, despite regulatory changes. Investment companies are optimistic about the profitability and stability of cryptoasset mining. They continue to expand their portfolios and strengthen orders with mining operators. Abundant energy resources help Russia become a strong competitor in the global cryptoasset economy.