Russian customers’ demand for {hardware} crypto wallets greater than doubled within the first half of 2026, in line with knowledge from two main retailers, because the nation prepares to introduce new crypto guidelines.
Retailer M.Video mentioned unit gross sales on its market rose 107% within the second quarter from the primary quarter, whereas gross sales by worth elevated 92%. The retailer didn’t disclose the variety of units offered.
Wildberries, one other Russian retailer, additionally recorded greater demand. Unit gross sales rose 84% within the first half from a yr earlier, RIA Novosti reported, citing RWB, {the marketplace}’s guardian firm. Gross sales worth elevated 60% over the interval.
The comparisons cowl completely different intervals: M.Video measured Q2 in opposition to Q1, whereas Wildberries in contrast H1 with the identical interval of 2025. Neither firm launched unit totals.
{Hardware} wallets hold the personal keys wanted to manage crypto on a devoted machine, as a substitute of an internet-connected service, serving to cut back publicity threat.
Russian legislation doesn’t ban non-custodial wallets or deal with them as unlawful, attorneys instructed RBC. It does, nonetheless, bar withdrawals from Russian digital depositories to non-public wallets, although a transition interval runs till July 1, 2027.
