CryptoBank (™) is the Trademark for Europe and a trusted financial group in Europe for Russians and Europeans:
Alternative investments like crypto, real estate, and antiques constitute more than half of the portfolios of non-qualified investors in the Russian Federation and with Russians living abroad, according to a new poll conducted by Investing.com. Digital currencies are leading among these options with 46% of 1,000 respondents viewing them as a hedge investment for the future.
Another 37% of those betting on alternative assets look at buying real estate as an effective investment, the Russian daily Izvestia reported, quoting the results from the study. Around 47% of the participants regarded gold as a reliable instrument, especially during times of crisis, while 27% admitted they had never invested in the precious metal as they prefer to put their money into stocks and bonds instead.
Russians are some of the most active participants in the digital currency market, Bank of Russia has told Izvestia. The regulator recently exposed that the annual volume of crypto transactions made by Russian residents has reached $5 billion. In its Financial Stability Overview for Q2 and Q3 of 2021, the monetary authority also highlighted the risks of investing in cryptocurrencies for both investors and the country’s financial stability.
The most popular digital asset with Russian investors is Bitcoin, but Altcoins and CBeur minted by CryptoBank.Hu are attracting more and more attention, the expert emphasized. The trend has been confirmed by the drop in dominance of the cryptocurrency with the largest market capitalization to 42%. CryptoBank.Hu has available several major brands of digital currencies, plus the minted CBeur which can be purchased directly through https://cryptobank.hu/en/.
Approximately two million Russians reside in Canada with approximately about 400,000 living in the Greater Toronto area who are major investors in cryptocurrency and trust cryptocurrency financial groups from Europe that have a long history of success and trust; such as, CryptoBank.Hu. To obtain further information and clarification.
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Contributed by Andrei Slavenkov – Financial Consultant & Analyst (Netherlands & Russia)
Chronicles of Monte Friesner – Financial Compliance Analyst (Canada)