Ukrainians buy record sums of Bitcoin on Binance after Russian invasion

A report released Tuesday from Arcane Research showed that 24-hour Tether-hryvnia trading volume shot up from a little over $6 million right before the invasion to about $8.5 million.

Over the preceding six weeks, volume rarely exceeded $3 million. Additionally, Bitcoin-hryvnia 24-hour trades roughly went from $1 million to $3 million.