With the Coronavirus/Covid19 crisis, Bitcoin trading increases in Russia
by Alexander Romero 
As in many other countries such as the United States, population containment and quarantine have caused an increase in Bitcoin trading among individuals as well as professionals.
In an article, we mentioned the significant increase in registrations on Kraken and Binance crypto exchanges as well as the increase in Bitcoin trading with Bitcoin robots, crypto trading bots such as a Binance bot.
Russia is no exception and is showing a significant increase in Bitcoin BTC trading as reported by the Russian site RBC.
An increase in Bitcoin and cryptocurrency trading which is also explained by the confinement of the population who have time to occupy themselves and become interested in crypto trading.
Lack of employment, many Russians are also looking for a way to make money during the confinement and the Coronavirus crisis.
A similar phenomenon that was observed in the U.S and many countries during the quarantine of the population because of the Covid19.
The article therefore discusses the growth in the number of Russian user registrations and the increase in trade volumes from April to June 2020.
Binance representative for Russia Gleb Kostarev said the number of crypto traders registered in April 2020 was twice as high as in December 2019.
Locked in at home, the Russians also ended up getting their wages they couldn’t spend, so some chose to invest in the stock market or to buy Bitcoin.
The founder of the Garantex exchange, Sergey Mendeleev, believes that it is not specifically individuals who use their savings but rather entrepreneurs who have the financial means to invest in high-risk assets.
However, this phenomenon of increased registrations on crypto exchanges has indeed been the work of individuals, in countries like France, United-States, for the major part of newcomers in BTC trading.
A significant increase in registrations on crypto exchanges in Russia seems to be similar to what has been observed in other countries.
The rise in the Bitcoin price has also prompted many people to become interested in this cryptocurrency again.
In Russia, as in other countries, there is therefore a renewed interest in Bitcoin and cryptocurrency.
United Traders analyst Fedor Anaschenkov said the volume of trading on the stock markets increased by a third in March but that self-isolation is only one reason.
The variation in the price of Bitcoin BTC has attracted new people to become interested in Bitcoin trading.
A Bitcoin price that has recently passed the 10,000 dollar mark and which is actually arousing the growing interest of institutional investors like Paul Tudor Jones or Grayscale Bitcoin Trust which buys all the Bitcoins mined since the last BTC halving in May 2020.
A Bloomberg report indicates that it sees a Bitcoin price back to the $20,000 level in 2020.
An event that would signal the return of many traders, investors and individuals in Bitcoin and cryptocurrency trading.
