Sberbank, the largest bank in Russia, is New structured bonds exposed to Bitcoin (BTC) prices Already there is a fluctuation in the exchange rate between the US dollar and the Russian ruble.
The equipment is initially available to qualified investors through the Axtraburstable Market (OTC), and the business runs in Rubles within the local financial system.
This bonus allows holders to earn yields based on two variables: future evolution of dollars in BTC prices and strengthening dollars against rubles. All transactions are processed within the framework of Russia’s legal and infrastructure.
Additionally, Sberbank announced it He will launch Bitcoin futures products on June 4th Through the Sberinvestments platform listed on the Moscow Stock Exchange. The initiative is part of a wider movement in the country after the Bank of Russia, as reported by Cryptootics, allowed financial institutions to provide cryptocurrency linked products for qualified investors.