Sberbank to Launch Crypto Trading for 110M Customers on December 1
Russia's largest bank will offer Bitcoin, Ether, and USDT trading to its massive retail client base.
Russia's largest bank will offer Bitcoin, Ether, and USDT trading to its massive retail client base. Bitcoin (BTC) is trading at $82,464.00, down 0.3% since this brief published. This is an original TLT brief based on reporting by Cryptopolitan, with live market data added, as of Tue, 20 Oct 2026 19:15:02 UTC.
This marks a significant step in Russia's crypto adoption, providing access to cryptocurrencies for over 110 million people through one of the country's largest financial institutions.
- Sberbank will offer crypto trading to 110.6M customers starting December 1.
- Bitcoin, Ether, and USDT will be the initial supported cryptocurrencies.
- USDT has a circulating supply of $182.96B, according to DeFiLlama.
- Sberbank Advances Toward Crypto Trading Launch with Russian Central Bank Approval
- Germany's Sparkassen Savings Banks Launch Crypto Trading in App
- Sberbank to Launch Crypto Trading for 110M Customers on December 1 — this brief
Sberbank, Russia's largest bank, is set to launch cryptocurrency trading services for its 110.6 million retail customers on December 1, following regulatory approval from the Bank of Russia.
The bank will offer trading in three major cryptocurrencies: 
Bitcoin, Ether, and USDT (
Tether). This move represents a significant expansion of crypto access in Russia, given Sberbank's dominant market position and large customer base.
The development comes after the Bank of Russia, which had previously taken a hard stance against cryptocurrencies, softened its position and began allowing regulated crypto trading. Sberbank's entry into the market could further legitimize cryptocurrencies in the country.
The total cryptocurrency market cap currently stands at $2.84 trillion, with Bitcoin trading at $82,699, up 0.91% in the last 24 hours. Tether (USDT), the stablecoin that will be available on Sberbank's platform, has a circulating supply of $182.96 billion and is currently valued at $0.999263.
The introduction of crypto trading on such a large scale could have significant implications for the Russian market, potentially increasing liquidity and mainstream adoption. Investors will be watching how the rollout affects trading volumes and market dynamics in the coming weeks.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $82,699.00 to $82,464.00 — -0.28%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $50,000 by December 31, 2026?
Crowd-implied probability on Polymarket, $150.94K 24h volume, resolves Jan 1 — snapshotted when this brief published (Oct 20 18:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦112.37M (about $82,464.00), up 0.8% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 20, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Sberbank to Launch Crypto Trading for 110M Customers on Dece — questions & answers
What cryptocurrencies will Sberbank offer?
Bitcoin, Ether, and USDT (Tether) will be available for trading.
When will Sberbank launch crypto trading?
The service is scheduled to begin on December 1.
How many customers will have access to crypto trading?
Approximately 110.6 million retail customers will have access.
How much is 1 Bitcoin worth in naira today?
About ₦112.37M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $82,464.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.28% since this brief first published — trading at $82,464.00 now versus $82,699.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.