According to a recent study conducted by the Russian Central Bank, Russian citizens' trading on global trading platforms has surged in the past two quarters, prompting officials to warn of increased risks to users. During this period, the websites of some of the top cryptocurrency exchanges received more than 104.6 million visits, an increase of 16.4% compared to web traffic in the second and third quarters of 2023.
In addition, the average monthly number of Russian unique users of major cryptocurrency exchanges increased by 15.1%. In the first quarter of 2024, these users accounted for 7% of the total traffic of these platforms, which is still lower than the peak of 9% in the first quarter of 2023.
The report also highlights the potential risks to users caused by the increase in cryptocurrency adoption. Specifically, if Western countries increase pressure on digital asset issuers, Russian users may face additional challenges and uncertainties. (Bitcoin.com)