Russian Crypto Trading Drops As Moscow Exchange Keeps Opening

The situation of exchange in Moscow was closed for a while with the occupation of Ukraine by Russia. That changed on Thursday. Moscow’s stock market reopened. There has also been improvement in the following situations:

• -The Russian ruble, RUB, continues to see falling volume in binance, which it replaces in crypto trading.
• – With the opening of the Russian stock market, this opening seems to be the first transaction since the start of the war.

The Moscow Stock Exchange Russia Index, which continued to be in the market with the collapse in the prices of the shares traded on the Moscow Stock Exchange, has experienced an increase of 4.85% during the day. In addition to these situations, the value of the Russian ruble in the Russian stock market, which emerged because the stock market was closed for a while, depreciated against the US dollar. It is stated that this value is approximately 14%.

With the opening of Russian companies to trade, some of the prominent ones among these companies are among the most important names. Especially important companies such as Gazprom, Sberbank, Aeroflot take part in the opening of 33 Russian companies to trade. The most important constraints and constraints that emerged after this situation are as follows:

• -Implementation of the short-circuit prohibition to prevent the sales of stocks,
• -In addition, the prohibition of trade with foreigners is also included in these restrictions.

It is among the estimates that the Russian government has applied some speculation against the collapse of prices. One of the most important reasons for this is that he may have intervened in the market by buying stocks to prevent prices from collapsing. According to the latest situation statements of the President of Russia, it was announced on March 1 that the National Wealth Fund will receive approximately 1 trillion shares worth of shares by the end of the year. In this case, after the Prime Minister’s remarks that Russian shares would be purchased, the Russian government and the central bank did not confirm the amount on the subject.

• -With the continuation of these situations, significant decreases continue for Russian investors in crypto trading. The most important of these, the RUB, continues to experience a significant decline with the onset of wartime as of March 7th. The fact that the stock market has been closed for Russian investors for a month is also one of the situations that cause the effect to continue.