VTB to Offer Direct Cryptocurrency Trading for Wealthy Clients by 2026

VTB, Russia’s second-largest bank, plans to offer clients the ability to buy and sell real cryptocurrencies through its brokerage service by 2026, pending regulatory approval. This move marks a shift from offering only derivative products to facilitating direct ownership of digital assets.

Client Eligibility and Timeline

The initial offering targets high-net-worth clients with assets over $1.3 million or annual income exceeding $649,000.
Andrey Yatskov, head of VTB's brokerage arm, noted strong client demand for access to actual crypto.
The rollout depends on regulatory approvals, with a planned start in 2026.

Real Crypto Ownership

The service will allow clients to own cryptocurrencies directly, unlike previous offerings limited to derivatives.
This requires legal and compliance measures, including custody and anti-money-laundering controls, before any retail expansion.

Market Signals

VTB suggests a 7% crypto allocation for some investor profiles.
Internal forecasts predict medium-term Bitcoin prices between $200,000–$250,000 under favorable conditions.
If implemented, VTB could be the first major Russian bank offering direct token ownership.

Regulatory Hurdles and Geopolitics

Russian crypto regulation is evolving; direct trading requires authority approval.
Sanctions and geopolitical factors may affect timelines and service structures.
Compliance must align domestic rules with international restrictions impacting banks dealing with Russia.

VTB's plans remain conditional, dependent on legal clarifications and regulator consent. Observers await announcements from the Bank of Russia and other agencies for indications on broader access timelines.