Megabank VTB vies to let clients trade crypto as Russian regulators U-turn on Bitcoin – DL News
- Russian banks are only permitted to offer clients crypto derivatives.
- Executive says clients could soon trade “real crypto” after central bank U-turn.
- VTB ready to start pilot for wealthy customers.
The Russian banking giant VTB wants to become the first lender in the country to allow its customers to trade cryptocurrencies directly.
Speaking to the Russian media outlet RBC, Andrey Yatskov, VTB’s head of brokerage services, said many customers are keen to buy “real” crypto rather than crypto derivative products.
VTB has a market capitalisation of about $244 billion, assets worth some $413 billion, and more than 1,300 branches in Russia.
“As we see it, real cryptocurrency will be available for purchase via our brokerage…
