Interest towards cryptocurrencies in Russia remained relatively stable throughout 2018, despite the significant drop in their prices. Ruble-denominated trade on Localbitcoins, for example, has shown a generally positive trend since last spring. In the past year, Russians also saw a growing number of other options to purchase digital coins.
Transaction volumes on P2P exchanges such as Localbitcoins increased in a range of countries last year, including Russia: with the exception of a couple weeks during this past fall, weekly Localbitcoins volumes in Russian rubles have followed an upward trend since the spring of 2018, according to Coin Dance – from the year’s low of around 740 million rubles in mid-March (approximately $10.6 million) to well over 1.2 billion rubles (almost $18 million) in the last full week of December.
However, peer-to-peer exchanges are not the only option for Russians looking to acquire cryptocurrencies.
While bitcoin price fell, Russians kept interest towards cryptocurrencies throughout 2018Read More
