Advertise with us (we do not endorse any site advertised)

Author Topic: ###Bitcoin trading is booming in Russia, says Crypto Exchange Paxful  (Read 87 times)

0 Members and 1 Guest are viewing this topic.

Offline bitmexsignalsTopic starter

  • Full Member
  • **
  • Joined: Apr 2019
  • Posts: 167
  • Karma: +0/-0
  • HODL!
    • View Profile

                                Visit -

For more latest update on Cryptocurrency, Free Bitmex signals with 80-90% accuracy & bitMEX scalping auto trading BOT which does trades automatically in your account join above given Telegram group

Bitcoin exchange Paxful reports a 350% increase in users from Russia, registering month-over-month all-time highs since the start of the coronavirus crisis in March.

In brief

Bitcoin trading in Russia has grown in 2020, despite regulatory uncertainty regarding crypto in the country.

Paxful says its seen a 350% increase in users from Russia over the last year.

A new law that gives crypto legal status could drive further growth of the Bitcoin market in Russia.

Bitcoin trading is alive and well in Russia.

For years, traders and crypto enthusiasts in Russia have had to deal with the regulatory uncertainty and conflicting statements from the nation’s lawmakers.

Yet, despite these problems, Bitcoin trading has not only survived in Russia—it’s growing, according to data from peer-to-peer Bitcoin exchange Paxful. Over the last year, the firm reports a 350% increase in usage of its platform in the Eastern European nation.

Ever since the start of the coronavirus pandemic outbreak in March, Paxful has experienced month over month all-time highs in new user registrations on its exchange, the company said in a statement.

What’s more, beyond COVID-19 and the ensuing economic turmoil around the world, a recent legal clarification that favored Bitcoin hodlers and traders in Russia may set the stage for even more activity in the region.

On July 24, and after several months of discussion, the Russian Duma finally passed the new "Law on Financial Assets." The law ruled out criminalizing cryptocurrency, which some industry observers expected, giving cryptos legal status but banning their use in commerce as payment solutions.


Best Crypto Trading Strategy In Binance Exchange With Bitcoin Bot.

Started by Alanbold

Replies: 0
Views: 526
Last post June 18, 2019, 03:01:57 PM
by Alanbold
Best Crypto Exchange & Bot For Bitcoin Trading Effectively!

Started by Alanbold

Replies: 0
Views: 486
Last post August 21, 2019, 05:01:30 PM
by Alanbold
Bitcoin Trading Club Top Rated Crypto Investment Training & Signals Provider

Started by bitcointraders

Replies: 0
Views: 1792
Last post November 02, 2017, 11:02:04 AM
by bitcointraders
340% Profit booked in POT Joined Bitcoin Trading Club get Crypto Trading Signal

Started by Marvonbitcoin

Replies: 0
Views: 825
Last post November 26, 2017, 09:00:56 PM
by Marvonbitcoin
1000% Profit in Week Joined Bitcoin Trading Club get Free Crypto Trading Club

Started by Marvonbitcoin

Replies: 0
Views: 834
Last post November 28, 2017, 09:05:24 PM
by Marvonbitcoin

your ads here