Regulated crypto exchanges in Russia could rack up more than $46 billion in trading volume during their first year after legalization, according to the country's largest bank. The bank's estimate specifically highlights the potential turnover on fully legal platforms once a regulatory framework is in place.

Forecast: Over $46B in Year One

The projection lays out the possible trading volume for licensed platforms in the first 12 months after the legal groundwork is set. The bank points to a threshold of "over $46 billion," signaling that actual numbers could exceed that mark—though it doesn't break down the figure by asset type or trading structure.

Focus on Regulated Platforms

This outlook zeroes in on exchanges operating under official rules and oversight. The forecast covers trading activity that could shift to—or emerge within—the legal sector following legalization. The report doesn't specify timelines or offer extra details beyond the headline figure.