Sales of Hardware Crypto Wallets Decline in Russia With Easing Currency Restrictions – Bitcoin News

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Interest in hardware cryptocurrency wallets is decreasing among Russians.

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. The sale volumes for these devices have almost halved, according to a report quoting leading marketplaces.Retailers selling hardware cryptocurrency wallets in Russia are now overstocked, market participants have told the leading Russian business daily Kommersant.

According to stats compiled by the Moneyplace analytics service, hardware wallet sales on the Ozon and Wildberries marketplaces reached a record high of 16.5 million rubles in May . In August, the figure fell by half, dropping below 8 million rubles .

 

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