As the popularity of Bitcoin and other cryptocurrencies continues to grow, so does the number of people trading these digital assets. In fact, a recent report from the Russian Association of cryptocurrency and blockchain (RACIB) indicates that the number of Russians trading Bitcoin has increased significantly in the past year. You can also explore bitcode ai for further information.

According to the report, the total volume of Bitcoin trades in Russia has grown by more than four times since 2017. In particular, Russian exchanges processed $ US 9 billion worth of Bitcoin trades in 2018, compared to just $ US 2 billion in 2017.

Interestingly, the majority of Russian Bitcoin traders are relatively young, with 62% being between the ages of 18 and 34. This is in contrast to other markets where older investors are more prevalent.

The RACIB report also found that Russians are increasingly using cryptocurrencies as a way to store value, rather than for speculative purposes. This is likely due to the fact that the Russian economy has been struggling in recent years, with high inflation and currency fluctuations making it difficult to save in traditional fiat currencies.

As the popularity of Bitcoin and other cryptocurrencies continues to grow in Russia, it is likely that the number of people trading these digital assets will continue to increase. This could provide a boost to the cryptocurrency market, as well as the Russian economy.

In recent months, there has been a growing trend of Russians trading Bitcoin. This is likely due to a number of factors, including the current economic situation in the country and the fact that Bitcoin is seen as a way to circumvent sanctions.

According to data from LocalBitcoins, a peer-to-peer Bitcoin trading platform, the volume of Russian Bitcoin trades has grown significantly in the last six months. In January of this year, the volume of Russian trades was just over 1,000 BTC. But by June, that figure had risen to nearly 4,000 BTC.

The growth in Russian Bitcoin trading activity comes at a time when the country's economy is facing serious challenges. The value of the ruble has been falling sharply against the US dollar, and sanctions imposed by the West are making it difficult for Russian businesses to access international capital markets.

In such a challenging economic environment, many Russians are turning to Bitcoin as a way to preserve their wealth. Bitcoin is seen as a safe-haven asset, like gold, that can protect savings from inflation and currency devaluation.

The growing popularity of Bitcoin trading in Russia is also due to the fact that it offers a way to circumvent sanctions. By using Bitcoin, Russians can trade with anyone in the world without having to go through banks or other intermediaries that may be subject to sanctions.

The rise in Russian Bitcoin trading activity is just one example of how digital currency is gaining popularity around the world.

The rise in the price of Bitcoin has led to a corresponding increase in the number of people trading the cryptocurrency in Russia.

According to data from LocalBitcoins, a peer-to-peer Bitcoin trading platform, the weekly volume of BTC traded in Russia has increased by more than 50% since the beginning of 2017.

In addition, the number of unique users trading Bitcoin on LocalBitcoins has also grown significantly over the same period.

The trend appears to be driven by a combination of factors, including the increasing awareness of Bitcoin in Russia and the country's deteriorating economic situation.

With the Russian ruble losing value against the US dollar and inflation on the rise, many Russians are turning to Bitcoin as a way to preserve their wealth.

The trend is also being fueled by the growing number of Russian businesses that are beginning to accept Bitcoin as a form of payment.

As the use of Bitcoin continues to grow in Russia, it is likely that the weekly volume of BTC traded on LocalBitcoins will continue to increase.

Russia has seen a significant increase in Bitcoin trading activity in recent months. This is likely due to a combination of factors, including the country's volatile economic situation and increasing interest in cryptocurrencies.

Bitcoin trading volume on Russian exchanges has grown significantly in the past few months, reaching over $1 billion in November 2017. This is a significant increase from the $50 million traded in January 2017.

The majority of Bitcoin trading in Russia is conducted through two major exchanges, Livecoin and Exmo. These exchanges allow users to buy and sell Bitcoin using a variety of payment methods, including credit cards and bank transfers.

Interest in Bitcoin appears to be growing among Russian investors as a way to protect their savings from inflation and the volatile ruble. The Russian central bank has warned that investing in cryptocurrencies carries risk, but this has not deterred investors.