VTB wants to engage in cryptocurrency operations

cryptonews.ruPublished on 2026-07-28Last updated on 2026-07-28

Abstract

Russia's VTB Group plans to offer clients operations with cryptocurrency instruments within a regulated and secure Russian framework. Dmitry Pyanov, the bank's first deputy chairman, stated, "We have ambitions for a significant share of this market, which will begin to function fully in 2027." The service will be developed both through the "VTB My Investments" platform and by building "the most resource-intensive and complex component of this new ecosystem—a digital depositary." Relevant legislation comes into force on September 1, with other regulations expected by year-end. Pyanov estimates the market's potential at several tens of billions of rubles. He believes the first player to offer a high-quality customer experience can claim a significant portion of the commission income.

VTB Group (MOEX: VTBR) plans to offer clients operations with cryptocurrency instruments within a regulated and secure Russian perimeter. "We have ambitions for a significant share of this market, which will begin to fully function in 2027," said Dmitry Pyanov, First Deputy Chairman of the bank. At the same time, the service will be developed both within the "VTB My Investments" platform and as part of "building the most resource-intensive and complex component of this new ecosystem — a digital depository," the top manager noted.

The relevant law will come into force on September 1, other regulatory acts will most likely be ready by the end of the year. "We estimate this market at several tens of billions of rubles," Dmitry Pyanov stated. Therefore, in his opinion, whoever most promptly offers a quality customer journey will be able to claim a significant share of commission income.

Finance Department

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Related Questions

QWhat does VTB group plan to offer its clients regarding cryptocurrencies?

AVTB group plans to offer its clients operations with cryptocurrency instruments within a regulated and secure Russian perimeter.

QWhat year does VTB expect the cryptocurrency market to begin full-scale operation in Russia?

AVTB expects the cryptocurrency market to begin full-scale operation in Russia in 2027.

QWithin which VTB platforms will the cryptocurrency service be developed?

AThe cryptocurrency service will be developed within the 'VTB My Investments' platform and as part of building a new ecosystem's digital depository component.

QWhen does the main Russian cryptocurrency law come into force?

AThe main Russian cryptocurrency law comes into force on September 1st.

QWhat is VTB's estimated size for the Russian cryptocurrency market in the near future?

AVTB estimates the size of the Russian cryptocurrency market at several tens of billions of rubles in the near future.

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