"Sberbank, one of the largest banks in Russia and Europe serving over 110 million retail customers, could be the first institution to open cryptocurrency custody and trading services to its customers."
"We expect that exchange trading will bring the market the necessary liquidity and minimal spreads. Traditional infrastructure is ready to offer clients new opportunities including margin trading and investment strategies."
Sberbank is poised to provide cryptocurrency custody and trading services to its 110 million customers, pending regulatory approval from the Central Bank of Russia. The bank aims to integrate cryptocurrencies into the Russian banking system as regulations are established. Sberbank plans to expand its crypto-backed lending services and is ready to collaborate on AI-linked trading initiatives. The Central Bank's proposed regulations include a cap on retail purchases, which will facilitate market access and enhance liquidity in trading.
Read at news.bitcoin.com
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