Cryptocurrencies
Bitcoin Volume Spikes in Russia and Ukraine as Sanctions Hit
- Bitcoin trading in ruble and hryvnia surge amid heavy fighting
- Binance rejects plea to block all Russian users from exchange
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Bitcoin appears to be gaining traction in Russia and Ukraine’s local currencies amid heavy fighting and sweeping sanctions that have pushed the Russian ruble to a record low.
Trading volumes in Bitcoin using the ruble have surged to the highest level since May, while those based in Ukraine’s hryvnia have climbed to a level not seen since October, according to crypto data firm Kaiko.