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Ruble trading pair volumes surge on Binance after Russia's invasion of Ukraine
With Russia becoming increasingly closed off to the financial world following its invasion of Ukraine, it appears Russian investors are becoming increasingly active in the cryptocurrency market. Since Russia staged its invasion, average volumes of ruble pairs on crypto exchange Binance have surged, increasing to an average of $35.8 million per day compared to $11 million per day before the invasion began. The heightened activity represents one of the few places where Russians can move rubles. "Exchanges that allow onboarding of RUB pairs will see a huge demand, given that is almost the only way to get out of RUB for ... (full story)
