VTB Bank, Russia’s second-largest lender, is preparing to test spot crypto trading for wealthy clients in 2026. This makes VTB the first major Russian bank to move into this area as the country slowly builds a regulated framework for digital assets.
According to Russian media reports from December 3, the bank will only allow qualified high-net-worth investors to take part. These are clients who meet certain income or portfolio requirements. VTB says the pilot program is already being tested with a small group of wealthy customers, and there are no plans to open crypto trading to the general public.
Crypto demand rises as Russia turns to digital assets
Russia’s stance on cryptocurrency has shifted over the past few years. With heavy international sanctions limiting its access to global financial systems, millions of Russians have turned to crypto for payments, savings, and even cross-border transfers.
Reports also suggest that Russia has used cryptocurrency in parts of its oil trade with China and India, especially as traditional banking channels have become harder to use. Central Bank officials have recently confirmed that Russian banks will soon be allowed to operate in the crypto market under controlled, regulated conditions.
VTB follows global banking trends
VTB says client demand for crypto services has grown sharply and mirrors what is happening worldwide. Major international banks like Standard Chartered, Santander, BBVA, and DBS already offer similar crypto trading services, and VTB sees 2026 as the right moment to join that trend.
While the bank didn’t share specific financial details, it emphasized that entering the crypto space is a direct response to changing market behavior and customer expectations.
If the pilot goes smoothly, VTB could become a key player in Russia’s shift toward regulated digital asset markets — but for now, only the wealthiest investors will get early access.
