Russian shoppers’ demand for hardware crypto wallets more than doubled within the first half of 2026, in keeping with information from two main retailers, as the nation prepares to introduce new crypto rules.
Retailer M.Video said unit sales on its market rose 107% within the second quarter from the primary quarter, whereas sales by worth elevated 92%. The retailer didn’t disclose the variety of gadgets offered.
Wildberries, one other Russian retailer, additionally recorded larger demand. Unit sales rose 84% within the first half from a yr earlier, RIA Novosti reported, citing RWB, {the marketplace}’s father or mother firm. Sales worth elevated 60% over the interval.
The comparisons cowl totally different durations: M.Video measured Q2 towards Q1, whereas Wildberries in contrast H1 with the identical interval of 2025. Neither firm launched unit totals.
Hardware wallets maintain 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 regulation doesn’t ban non-custodial wallets or deal with them as unlawful, legal professionals told RBC. It does, nonetheless, bar withdrawals from Russian digital depositories to private wallets, although a transition period runs till July 1, 2027.
