Sberbank Projects $46 B Crypto Trading Volume and Plans Ethereum and USDT‑Backed Loans

Sberbank, Russia’s largest lender, announced ambitious plans to expand its crypto‑related services. The bank estimates that its crypto trading platform could process up to 4 trillion rubles (about $46 billion) in its first year of operation.

Trading Volume Outlook

Deputy Chairman Anatoly Popov told state media that the projected trading volume could reach 4 trillion rubles, reflecting strong demand for crypto assets among Russian retail and institutional clients.

Crypto‑Backed Lending Plans

Sberbank is preparing to launch loan products backed by major digital assets. The bank intends to offer loans secured by Ethereum (ETH) and by the stablecoin USDT, once it receives the necessary regulatory clearances.

Regulatory Context

The rollout of these services is contingent on approval from Russian financial regulators, who are currently reviewing the bank’s proposals for crypto‑backed lending.

Implications for the Market

If approved, Sberbank’s entry into crypto trading and lending could significantly increase the visibility of digital assets in Russia’s financial system and provide a new source of liquidity for crypto holders.