Russian user traffic to global cryptocurrency exchanges has surged, with the country's central bank warning of the risk of Western sanctions

According to a recent study conducted by Russia's central bank, Russian citizens' trading on global trading platforms has surged in the past two quarters, prompting officials to warn of increased risks to users. During this period, visits to the websites of some leading cryptocurrency exchanges exceeded 104.60 million, growing by 16.4% compared to web traffic in the second and third quarters of 2023.
The report also highlights the latent risks that increased adoption of cryptocurrencies poses to users. Specifically, Russian users could face additional challenges and uncertainties if Western countries increase pressure on digital asset issuers.