Russia's Biggest Bank Sberbank Wins Approval to Trade Bitcoin
60-second summary
Sberbank, Russia’s largest bank, secures both custody and exchange licences under the nation’s new crypto law and will integrate Bitcoin, Ethereum and USDT into the apps serving its 110 million retail customers, marking the first major institutional entry into the market; this move could boost domestic crypto adoption and pressure competitors to expand their digital‑asset offerings.
Sberbank now holds both custody and exchange status under Russia's new crypto law, and plans to bring Bitcoin, Ethereum and USDT to apps used by 110 million retail clients.