VTB to Launch Russia's First Spot Crypto Trading Service in 2026
VTB announced plans to introduce spot cryptocurrency trading for its clients in 2026, positioning the lender as the first Russian bank to offer direct access to spot crypto markets. The bank has not disclosed specific trading pairs, partners, or fees; it said further details will be released closer to launch. The move follows rising customer interest in regulated on-ramps for digital assets.
As one of Russia's largest state-controlled banks, VTB's entry could accelerate mainstream adoption by routing retail and institutional flows through established banking infrastructure. Implementation will hinge on regulatory clearances and robust custody and AML arrangements; market participants will watch execution, fee structure, and integration with existing services. If successful, the offering may intensify competition among banks and crypto platforms while shaping Russia's approach to crypto oversight.