In 2023, Russian citizens were notably active in the cryptocurrency market, transacting a substantial $51 billion (4.78 trillion rubles), mainly in prominent currencies like Bitcoin (CRYPTO:BTC) and Ether (CRYPTO:ETH).

This information comes from an annual analysis by the Bank of Russia, which highlighted the considerable volume of transactions on major exchanges attributed to Russian nationals.

This insight underscores Russia's significant engagement in the crypto space during the year.