Even with Strengthening Sanctions Against Russia
The center of ruble-denominated cryptocurrency trading volume is stable coin tether Russian investors seem to continue trading crypto assets (virtual currencies) such as Bitcoin even as sanctions against Russia are tightened.
According to blockchain analysis company Kaiko, the overall fl
ow is relatively small, but the trading volume of ruble-denominated Bitcoin reached its highest level since the beginning of the year on the 5th. On the other hand, most of the ruble-denominated cryptocurrency trading volume seems to be a stable coin tether with a fiat currency (legal tender) US dollar and about one-to-one backing.
On February 24, when Russia's invasion of Ukraine began, the average transaction size of ruble-denominated Bitcoin at the virtual currency exchange company Binance reached about 580 dollars (about 67,000 yen), the highest level in 10 months. ..
BTC/RUB and USD/RUB trading volume
The amount of bitcoin denominated in rubles rose again on Saturday.
Andrew Tou, business development manager of crypto algorithmic trading company Efficient Frontier, said, "I think there are more small Russian investors trying to sell Fiat currency and buy Bitcoin." Speaking of which, perhaps US dollar sanctions can't really be applied to tether holders, but it's possible that some people are simply taking additional precautions.
Transactions from Russia are a small part of the total Bitcoin trading volume in the world. According to Kaiko, the trading volume of the Bitcoin ruble was about $ 14.2 million on the 5th. The average daily Bitcoin trading volume is $20-40 billion.
No comments:
Post a Comment