Ruble-denominated crypto trading pairs spikes were noticed during the last several days amid the conflict in Ukraine. Russian citizens, who are estimated to hold around 12% of the world's crypto assets, are pouring rubles into tether, with ruble being the sixth most traded pair with tether. Furthermore, data indicate that Binance has the most volume in terms of Ruble-denominated crypto trading pairs, with bitcoin volume jumping 243% between February 20 and 28 traded via Binance’s BTC/RUB pair.