Cryptocurrency Turnover in Russia Halves

As of June 29, the average daily turnover of cryptocurrencies in the Russian market stands at $66.7 billion, compared to $140.2 billion at the beginning of 2025, marking a significant decrease. This information is reported by Vedomosti, citing trading data.

Meanwhile, the industry’s capitalization shows positive dynamics despite price corrections. In 2024, it grew by 97.7% to $3.4 trillion. Over the past five years, it has surged 26-fold. According to CoinGecko, the annual trading volume during the same period increased tenfold to $18.4 trillion.

Globally, the crypto market remains an energy-intensive sector of the economy. According to estimates by the U.S. Energy Information Administration, the costs of cryptocurrency mining account for about 0.6–2.3% of the country’s total consumption and continue to rise.

Statista analysts calculated that by the end of 2024, the operation of the Bitcoin network required 175.87 billion kWh of electricity. For comparison, Poland’s consumption is 172.17 billion kWh.

Simultaneously, data from a June survey by “BCS 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 instruments are a lack of basic knowledge, high volatility, and doubts about the security of specialized platforms.

85% of respondents choose the ruble to fund their investment accounts.

The study was conducted in Russian cities with populations of over 100,000. Approximately 1,500 citizens participated.

Back in May, the Central Bank of Russia estimated the balances on Russian cryptocurrency wallets at 827 billion rubles. Meanwhile, the volume of digital asset flows attributed to them increased by 51.1% from the fourth quarter of 2024 to the first quarter of 2025, reaching 7.3 trillion rubles.