Ukrainians and Russians are buying crypto as never before
Activity on Binance suggests that both Ukrainians and Russians seek crypto as a safe haven for their savings as war ravages and capital controls intensify.
Source: Tradingview (Binance)
On February 28th, we saw a massive volume increase in the ruble pairs on Binance, particularly in USDT, as the USDTRUB volume reached a new all-time high of $35 million. The bitcoin volume also saw a substantial rise.