VTB Bank Launches Cryptocurrency Services for High-Net-Worth Clients

VTB Bank, Russia’s second-largest financial institution, is poised to enter the cryptocurrency market by next year. With assets exceeding $35 trillion and serving nearly 25 million clients, VTB aims to offer these services to those with portfolios of at least $1.3 million or annual incomes exceeding $649,000. This move targets a specific demographic within their client base – about 20,000-40,000 individuals who meet these criteria.