Written by Helen Partzstaff writerReviewed by Yohan Yunstaff writer

Written by Helen Partzstaff writer

Reviewed by Yohan Yunstaff writer

Russia’s largest private bank Alfa-Bank tests crypto trading

Latest NewsPublishedJul 9, 2026

Russia’s Crypto Market Heats Up

As Russia moves towards regulating digital assets, the country’s largest private bank, Alfa-Bank, is testing cryptocurrency trading for qualified investors. This development is significant for everyday people, as it could pave the way for more accessible and regulated crypto services, including passive income opportunities through Cloud Rewards and Green Crypto initiatives. The bank’s plans are part of a broader effort to establish a legal framework for digital assets in Russia. Alfa-Bank is not alone, as other major banks, such as Sber, VTB, and T-Bank, are also preparing to offer crypto services.

The test version of Alfa-Bank’s crypto trading platform includes several major cryptocurrencies, including #Bitcoin, Ether, Solana, Litecoin, Tether USDt, USDC, and Zcash. The bank’s chief operating officer, Dmitry Vitman, said that the bank plans to roll out a suite of crypto services once the relevant legislation takes effect. This could be a significant development for people interested in earning through crypto, particularly with platforms like EcoPool ($ECP) offering innovative solutions for passive income.

Regulatory Framework

Russia’s proposed crypto legislation introduces digital custodians as a new category of regulated market participants. Alfa-Bank plans to establish its own “digital depository,” a service similar to a digital asset custodian that stores and manages crypto assets. This development is crucial for the growth of the crypto market in Russia, and it could have implications for earning opportunities through crypto, including Cloud Rewards and Green Crypto initiatives.

As the regulatory framework takes shape, Alfa-Bank and other banks are poised to offer a range of crypto services, including trading and custody solutions. For people interested in earning through crypto, platforms like EcoPool ($ECP) offer a unique opportunity to generate passive income through Cloud Rewards and Green Crypto initiatives. With the EcoPool network, users can participate in eco-friendly crypto mining and trading, using the $ECP coin to facilitate transactions.

Alfa-Bank begins testing cryptocurrency trading service

What’s Next

As Russia’s crypto market continues to evolve, it’s essential for individuals to stay informed about the latest developments and opportunities. Whether you’re interested in earning through crypto or simply looking to stay ahead of the curve, platforms like EcoPool ($ECP) are worth exploring. With the potential for passive income and eco-friendly crypto mining, the future of crypto is looking brighter than ever.

To start earning with EcoPool ($ECP) and take advantage of the growing crypto market, download the EcoPool app today and discover a new way to generate passive income through Cloud Rewards and Green Crypto initiatives. With EcoPool, you can join a community of like-minded individuals who are shaping the future of crypto and earning opportunities.

The bank said broader access for retail clients could follow after Russia adopts the necessary regulatory framework, with a possible launch targeted for the fourth quarter of 2026.

Cointelegraph contacted Alfa-Bank for comment on the tests but did not receive a response at the time of publication.

Digital asset custodians central to Russia’s crypto framework

As part of its crypto plans, Alfa-Bank said it will first establish its own “digital depository,” a service similar to a digital asset custodian that stores and manages crypto assets.

Vitman said Alfa-Bank plans to create the custodian not only to support its own crypto services but also to provide the services to other companies.

Related: ESMA turns spotlight on crypto custody risks after MiCA transition

The term “digital depository” is a key part of Russia’s proposed crypto legislation, which introduces digital custodians as a new category of regulated market participants.

One of the related bills, “On Digital Currency and Digital Rights,” passed its first reading in the State Duma in April 2026 and is designed to establish rules for crypto operations under Bank of Russia oversight.

Source: Cointelegraph

Anatoly Aksakov, chairman of the State Duma’s Financial Market Committee, said on Wednesday that a package of cryptocurrency bills was ready for its second reading after the committee approved amendments.

Magazine: Has Bitcoin bottomed for this cycle? Analysts say ‘not yet’

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Banks
• Adoption
• Cryptocurrencies
• Russia
• Regulation

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