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Russia’s Sberbank to Act as Market Maker in New Regulated Crypto Trading Platforms
Russia’s Sberbank to Act as Market Maker in New Regulated Crypto Trading Platforms
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Russia’s state-controlled Sberbank is preparing to provide liquidity for upcoming regulated cryptocurrency trading platforms, targeting elite investors under a new experimental legal framework. Alexander Zozulya, head of global markets at Russia’s largest bank, confirmed the institution will serve as both liquidity provider and market maker on these platforms.
The move aligns with the Bank of Russia’s push to establish a controlled environment for cryptocurrency operations. While the report doesn’t specify which digital assets will be supported, the involvement of a major traditional financial institution signals growing institutional acceptance of crypto markets within regulated parameters.
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