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In Russia, the turnover of cryptocurrencies has decreased by half.
The turnover of cryptocurrencies in Russia has halved
As of June 29, the average daily turnover of cryptocurrencies in the Russian market is $66.7 billion, whereas at the beginning of 2025 it was twice as high – $140.2 billion. This is reported by "Vedomosti" citing trading data.
At the same time, the capitalization of the industry shows positive dynamics, despite the price correction. In 2024, the indicator grew by 97.7% ( to $3.4 trillion). Over the past five years, it has surged 26 times. According to CoinGecko, the annual trading volume during this period has increased tenfold — to $18.4 trillion.
Globally, the cryptocurrency market remains an energy-intensive sector of the economy. According to the U.S. Energy Information Administration, the costs for mining cryptocurrencies account for about 0.6–2.3% of total consumption in the country and continue to grow.
Statista analysts calculated that by the end of 2024, the operation of the Bitcoin network will require 175.87 billion kWh of electricity. For comparison, Poland's consumption is 172.17 billion kWh.
At the same time, the data from the June survey by "BKS World of Investments" showed that only 52% of Russian qualified investors over the age of 20 have experience investing in cryptocurrencies. Another 38% plan to do so in the future.
The main barriers to using cryptocurrency-linked tools are a lack of basic knowledge, high volatility, and doubts about the security of specialized platforms.
85% of respondents choose the ruble to top up their investment account.
The study was conducted in Russian cities with a population of over 100,000 people. A total of about 1,500 citizens participated.
Recall that in May, the Central Bank of Russia estimated the balances in the cryptocurrency wallets of Russians at 827 billion rubles. At the same time, the volume of digital asset flows attributed to them increased by 51.1% from Q4 2024 to Q1 2025, amounting to 7.3 trillion rubles.