Sberbank approved to exchange crypto in Russia, CoinDesk reports
CIE News ·
Russia's central bank added Sberbank to its crypto exchange register ahead of a planned launch on December 1, 2026, according to CoinDesk.
Russia's largest bank, Sberbank, has obtained approval from the Bank of Russia to exchange cryptocurrencies, CoinDesk reported. The institution was added to the central bank's register of cryptocurrency exchange providers, bringing the total number of approved entities on the list to nine alongside firms such as VTB and T-Invest Lab. Sberbank had previously entered the digital depository register earlier in October 2026.
The lender is testing trades in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) inside its existing application, CoinDesk reported. Sberbank plans to introduce crypto trading services to its retail clients on December 1, 2026, while the Bank of Russia will decide the final list of tokens permitted for trading.