September 25, 2023

Copy-paste | Bitcoin is in no hurry to gain popularity in Russia

Interest in bitcoins in Russia remains low amid stabilization of the ruble and improvement in inflation expectations.

LocalBitcoins and Google don't lie

According to the analytical service CoinDance, forLast week, the trading volume of bitcoins (BTC) paired with the ruble on the LocalBitcoins platform grew to 620 million rubles (about $ 10 million), moving away from annual lows fixed a week earlier at 610 million rubles. Despite a slight improvement, demand for cryptocurrency in Russia remains low, and trade volume has been steadily declining since June 2019, when an annual maximum of 1.29 billion rubles was recorded.

Copy-paste | Bitcoin is in no hurry to gain popularity in Russia
Source: CoinDance

Most often they buy and sell bitcoins forcash in Samara and Yekaterinburg. According to LocalBitcoins statistics. In these cities, over 500 cryptocurrency purchase and sale announcements for cash were posted.

Statistics show similar queries with the keyword "bitcoin". According to the Google Trends analytical service, after a slight surge in search activity at the end of October, the interest of Russian Internet users in information related to bitcoin and cryptocurrencies as a whole significantly decreased, returning to the levels of the beginning of the year.

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