Sberbank Cryptocurrency Failed To Be Listed

Russian giant Sberbank cryptocurrency failed to be listed. SBER coin fell 20 times as it was not listed on central exchanges.

Russia, which wanted to act more easily with Ruble in the face of heavy embargoes, tied its natural gas purchases only on this currency. Cryptocurrency exchanges refuse to freeze the assets of Russian citizens, but must freeze the assets of embargoed individuals. This prevents Russia’s actions to overcome the embargoes. Giant Russian bank Sberbank launched the SBER cryptocurrency, which it has been working on for about 2 years, last month. However, it was unlikely to be listed on any exchange. In this regard, SBER began its adventure in the Pancake decentralized exchane. Although it went up to around $0.00045, it went down to the levels of 0.00002 when there was no interest and in the last few days, it increased to the $ 0.0002 band by collecting some volume. It is currently hovering around $0.0001. SBER, which has a market value of 360 thousand dollars in total, is around 274 thousand dollars in daily volume. SBER coin does not seem like it will open the congestion of the Ruble as it is. It is unlikely to be listed on exchanges under surveillance by Western countries. Ruble-cryptocurrency trading volume, which was $70 million per week due to the embargo, has also dropped to its lowest levels.