Sberbank Cleared to Offer Bitcoin Trading to 110 Million Retail Clients
- —Sberbank joins a register of eight firms authorized to exchange crypto
- —BTC and ETH services launch first, USDT follows on December 1
- —The bank serves 110.6 million retail and 3.5 million institutional clients
- —Non-qualified investors face a $3,800 annual cap
Why it matters: Russia's biggest bank opens a legal crypto channel to a mass retail base, potentially lifting domestic trading volumes significantly.
Source: ZyCrypto