Why have hardware wallet sales in Russia more than doubled?

Hardware wallet sales in Russia have more than doubled because demand increased ahead of proposed crypto regulation. The report said investors were preparing for possible changes to crypto rules.

What are hardware wallets used for?

Hardware wallets are used to store cryptocurrency offline. The report said many Russian buyers are moving crypto into self-custody wallets instead of keeping assets on exchanges.

How are Russia’s proposed crypto rules affecting wallet demand?

The report said uncertainty around Russia’s proposed crypto rules may have encouraged more hardware wallet purchases. Demand increased as investors prepared for possible regulatory changes.

What does self-custody mean for Bitcoin (CRYPTO:BTC) users?

Self-custody means Bitcoin (CRYPTO:BTC) users control their own private keys and store their assets independently. The report said more Russian users are choosing hardware wallets for this purpose.

Why are crypto investors buying more hardware wallets?

Crypto investors are buying more hardware wallets to store digital assets outside exchanges. The report said future demand could depend on how Russia’s crypto regulations are implemented.

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Russian hardware wallet sales more than double

Written by Mahathir BayenaPublished Aug 10, 2026, 1:42 AM

Hardware wallet sales in Russia have more than doubled ahead of new crypto rules, according to a report.
The report said demand increased as investors prepared for possible regulatory changes.
The rise suggests more users are moving crypto into self-custody wallets.

Hardware wallet sales in Russia have more than doubled ahead of proposed crypto regulation, according to a report.

The report said demand increased as investors prepared for possible changes to crypto rules.

Retailers reported stronger sales of hardware wallets during recent months, according to the report.

The report said many buyers are moving crypto into self-custody wallets instead of keeping assets on exchanges.

Russia has been developing new rules for cryptocurrency trading, taxation, and digital asset oversight.

The report said uncertainty around the new regulations may have encouraged more users to buy hardware wallets.

The report said future wallet demand could depend on how Russia’s crypto rules are finalised and implemented.