Russian consumers’ demand for hardware crypto wallets more than doubled in the first half of 2026, according to data from two major retailers, as the country prepares to introduce new crypto rules.
M.Video reported a 107% increase in unit sales in the second quarter compared to the first quarter, while sales by value rose 92%. The retailer did not disclose the total number of devices sold.
Wildberries, another leading Russian retailer, also recorded a significant uptick in demand. Unit sales climbed 84% in the first half of 2026 versus the same period in 2025, and sales value increased 60%, according to RIA Novosti’s report citing RWB, the marketplace’s parent company. Exact unit figures were not released.
The comparative periods differ: M.Video measured growth from Q1 to Q2, whereas Wildberries compared the first half of 2026 to the first half of 2025. Neither company disclosed absolute sales numbers.
Hardware wallets store private cryptographic keys on a dedicated offline device, reducing exposure to online threats. Russian legislation does not prohibit non‑custodial wallets, lawyers told RBC, noting that such wallets remain legal. However, withdrawals from Russian digital depositories to personal wallets are currently restricted, with a transition period extending until 1 July 2027.