Summary: Russia’s crypto scene is absolutely buzzing , with an 8% jump in exchange traffic as Bitcoin continues its epic and adventerous climb. The surge in internet traffic to major crypto platforms was revealed by telecom giant MegaFon, who says rising BTC prices and fresh mining laws are fueling the frenzy.
Crypto Fever in Full Swing
MegaFon’s analysis shows that Russia now accounts for around 27%-30% of total traffic to major exchanges. Globally, the story is similar, with web traffic to the top 20 platforms up by 8%-10% in November. Bitcoin’s price popping off by 45%—rallying from $68K to nearly hitting the big $100K—has everyone hyped, and Russia is no exception.
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Exchanges Riding the Wave
Platforms like Deribit are on fire, reporting a massive 126% boost in visits. Other big names like HTX (formerly Huobi) and KuCoin saw traffic spike by 24% and 23%, respectively. Not everyone’s thriving, though. Gate.io took a 26% hit, and Upbit and Kraken saw minor dips.
New Rules, Who This?
Russia’s new crypto mining law, live since Nov. 1, is also shaking things up. While it green-lights mining for registered pros, hobbyists face strict energy caps. With regional mining bans kicking off Dec. 1, the FOMO is real. Looks like Russia’s crypto crowd isn’t slowing down anytime soon!
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