Bitcoin and Ethereum to Lead CIS Exchange Trading, Says Cifra Markets Exec
Quick Look
- Bitcoin and Ethereum are expected to maintain their leading trading volumes on CIS exchanges, according to Alexey Korolenko of Cifra Markets.
- He anticipates these major cryptocurrencies will be the first admitted to trading following the introduction of regulation.
AI-generated summary
Why It Matters
Alexey Korolenko, Executive Director at Cifra Markets, shared his outlook on cryptocurrency trading volumes in CIS exchanges in an interview with TASS ahead of the St. Petersburg International Economic Forum (SPIEF). The forum's theme is 'Pragmatic Dialogue: The Path to a Stable Future.'
MOSCOW, June 1. /TASS/. Bitcoin and Ethereum are leading in trading volumes on CIS exchanges and are unlikely to lose that leadership in the foreseeable future, Cifra Markets Executive Director Alexey Korolenko said in an interview with TASS ahead of the St. Petersburg International Economic Forum (SPIEF).
"It is worth noting that Bitcoin and Ethereum currently lead in trading volumes on CIS exchanges and are unlikely to relinquish the top position in the foreseeable future," he said.
Korolenko also added that at the initial stage, following the introduction of regulation, only the largest and most liquid assets — primarily Bitcoin and Ethereum — are likely to be admitted to trading.
The St. Petersburg International Economic Forum will take place on June 3-6. The forum’s main theme is "Pragmatic Dialogue: The Path to a Stable Future." The program is focused on shaping a new model of global development amid the transformation of the world economy.
The agenda includes the SME Forum, the Creative Industries Forum, the International Youth Forum "Day of the Future," and the Pharmaceutical Security Forum. The cultural program will feature the Petersburg Seasons festival, as well as the traditional SPIEF Sports Games.
The forum is organized by the Roscongress Foundation. TASS is the forum’s general information partner.
What to Watch
AI outlook — possibilities, not facts
Bitcoin and Ethereum will continue to lead trading volumes on CIS exchanges.
Very likely · Short term
Only the largest and most liquid crypto assets, primarily Bitcoin and Ethereum, will be admitted to trading following the introduction of regulation.
Likely · Short term
Open Questions
- What specific regulations are being considered for CIS crypto exchanges?
- When are these regulations expected to be introduced?
- What are the criteria for admitting assets to trading under the new regulations?
- What is the current trading volume for Bitcoin and Ethereum on CIS exchanges?
