Russia’s VTB Bank Denies Bitcoin Retail Trading Plans
- Lyla Velez
- June 28, 2025
- News
- 0 Comments
Key Takeaways:
- VTB confirms no plans for Bitcoin trading.
- No official retail Bitcoin offerings.
- Current focus on capital raising.
Russia’s second-largest bank, VTB, has confirmed it has no plans to launch Bitcoin trading for retail investors, as reported recently.
Market speculation arose about VTB’s supposed entrance into retail Bitcoin trading, yet no official announcement or supporting statements have been issued by VTB leadership, clarifying any immediate market adjustments.
VTB, under CEO Andrei Kostin, remains focused on traditional banking activities. Despite rumors, Kostin’s primary public statements have centered on capital initiatives, contrasting with alleged digital asset maneuvers.
The bank’s current 80 billion rouble share issue highlights its strategic financial efforts, devoid of cryptocurrency allocations. “The state will not participate in this additional issue, it will be private,” Andrei Kostin, CEO of VTB, emphasized, underscoring a focus on domestic financial capital over speculative digital markets.
No regulatory shifts presently enable large-scale retail crypto integration from traditional banks. Russian exchanges have legalized crypto derivatives trading, but professional markets are the primary arenas where these products are available.
Industry analysts await further official guidance from VTB or Russian regulatory bodies. The Russian financial landscape remains largely traditional, with documented digital asset activity restricted to regulated exchanges.
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