Russia's largest private bank, Alfa-Bank, is testing a cryptocurrency trading service

BlockBeats News, July 9th - Russia's largest private bank, Alfa-Bank, has begun testing cryptocurrency trading services for select eligible investors. The test version supports assets such as Bitcoin, Ether, Solana, Litecoin, Tether USDt, USDC, and Zcash. If the relevant regulatory framework in Russia is officially established, the bank plans to open this service to retail customers in the fourth quarter of 2026.

In addition, Alfa-Bank also plans to establish a digital asset custody institution to provide custody services not only for its own crypto business but also to other institutions. As the Russian digital asset legislation continues to progress, large banks such as Sber, VTB Bank, and T-Bank are also speeding up their expansion into the cryptocurrency industry.