Russian Bitcoin Trading Remains Down on Binance
Trading volume in the market for bitcoin (BTC) against Russian rubles (RUB) remains down after the exchange limited the activity of some Russian users last month.
As of Thursday this week, the 24-hour trading volume in the BTC/RUB pair on Binance stood at BTC 144, up slightly from Wednesday’s volume of BTC 124, as the selling of bitcoin intensified this week.
BTC/RUB price and trading volume since February:
Source: TradingView
Despite the slight uptick over the past week, trading volume in bitcoin using Russian rubles on Binance remains significantly down since reaching a war-time peak of BTC 506 in 24 hours on March 7.
Looking at trading in the US dollar-pegged stable coin Tether (USDT) against rubles, we see a similar situation with slightly rising volumes this week.
As of Thursday, the 24-hour volume in USDT/RUB was USDT 4.963m, up from USDT 4.077 one day earlier. Still, the numbers are far from the war-time high of USDT 37.19m from March 7, when the ruble fell by more than 10% against the US dollar.
USDT/RUB price and trading volume since February:
Source: TradingView
At the hour of composing, there were no huge charges or limits on BTC or USDT against the Russian ruble on Binance.
Binance is the main significant worldwide trade that proposes to exchange BTC and USDT utilizing the Russian ruble. Information from the trade is thusly frequently utilized as an intermediary for interest in crypto exchanging Russia.
