Russian bank Tinkoff asks for financial assistance

On October 29, it was announced that Tinkoff Investments, an online brokerage firm of Russia's largest private company, Tinkoff, was trading in cryptocurrency financial services. Dmitry Panchenko, managing director of Tinkoff Investments, said the brokerage portal was considering trades related to cryptocurrency investments, but it was too early to discuss specific strategies. Panchenko told the local TASS news agency on October 28 that the company is currently working on R&D plans for crypto-related services. Tinkoff Investments has paid particular attention to crypto products from companies such as global payments giant PayPal and to crypto applications such as Revolut and Robinhood. Panchenko said that while city authorities have yet to allow companies such as Tinkoff Investment to provide cryptocurrency services, the Russians are still trading cryptocurrencies on foreign platforms and over $ 15 billion. in cryptocurrency on the stock exchange. (Co-manager)