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Bitcoin Trading Is Booming in Uncertain Russia, With 350% Spike in New Users on Paxful

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Bitcoin trading is growing in Russia. That’s despite attempts by the government to make it difficult for investors to do so.

For years, Russian lawmakers have blown hot and cold over cryptocurrency regulation, creating an atmosphere that has often left the entire digital asset industry in the country on tenterhooks.

According to Paxful, Russian users joining the peer-to-peer bitcoin (BTC) exchange have increased by 350% over the last 12 months. New registrations have swelled to record highs month-on-month since the new coronavirus outbreak in March.

The exchange said it is now seeing an average monthly trading volume of …

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