- Interest in hardware wallets allowing cold storage of cryptocurrencies is decreasing among Russian users after this year’s surge that followed the invasion of Ukraine.
- In the spring months, many Russians sought to acquire a cold storage device for their crypto assets, amid expanding sanctions over the Ukraine conflict and currency restrictions imposed by the Bank of Russia.
- Hardware wallet sales on the Ozon and Wildberries marketplaces reached a record high of 16.5 million rubles in May (over $275,000).
Sales of Hardware Crypto Wallets Decline in Russia With Easing Currency Restrictions
