Analyst Says Russia’s Cash-to-Crypto Exchange Market Now Hits Billions

Analysts estimate that Russia’s cash-to-crypto exchange market has grown to be worth billions of dollars. Fueled by demand for crypto as a shelter against inflation and capital controls.

Despite regulatory pressures and financial restrictions, peer-to-peer (P2P) and over-the-counter (OTC) networks are flourishing. Allowing participants to convert cash into crypto through informal channels.

These exchanges are responding to both individual and institutional interest as Russians seek alternative stores of value and cross-border options. The surge in cash-to-crypto activity signifies how digital assets continue to fill gaps in financial infrastructure, especially in markets where traditional systems are constrained or unstable.

Clever Robot News Desk 6^th October 2025