Sanctioned Russias VTB Bank Eyes Regulated Spot Crypto Trading Rollout

VTB, Russia’s second-largest bank, will test spot crypto trading for wealthy clients in 2026 as Moscow slowly formalizes regulated access to digital assets.

VTB Bank, Russia’s second-largest lender, plans to introduce spot cryptocurrency trading for wealthy clients in 2026, marking the first major Russian bank to enter the spot crypto market, according to Russian media.

The bank will limit trading access to qualified investors who meet specific portfolio or income thresholds, local media reported on Dec. 3. Bank officials stated that testing is currently underway with a select group of high net worth customers. VTB indicated that broader public access remains unlikely.

Russia’s approach to digital assets has evolved in recent years as international sanctions restricted access to global financial systems. Government officials have stated that millions of Russians already utilize cryptocurrency for payments and savings, despite previous regulatory efforts to limit trading activity.

The country has incorporated cryptocurrency into portions of its oil trade with China and India, according to reports. Senior central bank officials indicated that banks will receive authorization to operate in cryptocurrency markets under regulated conditions.

VTB reported that client interest in cryptocurrency services reflects global market trends. The bank maintains substantial market value and assets, though specific figures were not disclosed.

Several international banks in Europe and Asia have launched comparable cryptocurrency services, including Standard Chartered, Santander, BBVA and DBS.