More than half of Russia’s top investors have already dipped a toe into crypto, and most of the rest plan to follow suit.
That’s the headline result of a recent survey of 1,500 qualified investors aged over 20 in cities with more than 100,000 residents. Each participant holds at least ₽50,000 (about $600) in financial assets.
To qualify, individuals would need an annual income of at least ₽50 million (over $600,000) and at least ₽100 million (more than $1.2 million) in securities or deposits. Those thresholds still await final approval, but they make it clear that only a small fraction of the population could ever join.
Domestic exchanges are gaining the battle of trust. The poll indicates 78% of investors prefer Russian-registered platforms, and 85% would like to pay for their crypto accounts in rubles.
Reliability is the number one aspect that counts (43%), followed by fees being low (24%) and simple deposits or withdrawals (24%). It seems many wealthy Russians feel safer sticking with local firms they know, rather than offshore sites.
Investors cite long‑term holdings as their top motive (57%), while 32% point to portfolio diversification and 25% to short‑term trading. About 33% of respondents currently allocate 5‑10% of their holdings to crypto‑related instruments.
Reports show these figures show that for many, digital assets are no longer a fringe gamble but a regular slice of a broader investment strategy.
Not all barriers have vanished. Many investors say they lack deep knowledge of blockchain technology, and they worry about wild price swings.
High volatility and uncertainty remain the biggest deterrents for those who’ve held off. That suggests a clear need for better education, risk‑management tools, and perhaps simpler, regulated funds to ease newcomers in.
Featured image from Atlantic Council, chart from TradingView
