According to CoinMeta, Russia's regulated cryptocurrency trading market is expected to handle a transaction volume of around 3.5 trillion to 4 trillion rubles in the first year. Calculated using the exchange rate of TASS, this amounts to approximately 46.043 billion US dollars. Anatoly Popov, vice chairman of the Russian Central Bank, stated that by 2029, the annual transaction volume is expected to increase to about 7.5 trillion rubles (about 87.06 billion US dollars). However, TASS pointed out that the transaction volume in the first year "is not expected to exceed" 4 trillion rubles; therefore, the range of 3.5 trillion to 4 trillion rubles should be regarded as a forecast rather than a confirmed trading target. Popov also mentioned that Russia's current cryptocurrency transaction volume is about 50 billion rubles per day, and it is anticipated that about 20% of the trading activity will shift to regulated exchanges in the first year.