Cryptodeposites Russians grew 5 times since the beginning of the year cryptobiri study has shown that in the first half of 2020, cryptocurrency trading has significantly strengthened its position among Russians.

According to analysts of the company, in the first half of the year, the amount of monthly deposits and turnover for all currency pairs of users from Russia increased almost 5 times relative to the January indicators. At the same time, the peak fell on March, the period of the beginning of the pandemic.

The Exchange notes an increase in the share of the ruble in general turnover and the growth of the popularity of operations with Bitcoin. Over the past 2 years, the share of customers who committed at least one operation with BTC increased from 50% to 83%.

Technical director CEX.IO Dmitry Volkov explains the increase in interest in the cryptoms of economic shocks that stimulate people to use digital assets as an alternative to traditional financial systems. Such investments allow not only to diversify their portfolio, but also to obtain a significant return in a relatively short time.

Among other important factors for the growth of the popularity of digital currencies and trading on the territory of Russia, analysts note the availability of acquiring services, bank transfer and electronic payments, as well as support in Russian and convenient KYC verification.

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