---
title: Cryptocurrencies as a Vehicle for Capital Exodus: Evidence from the Russian-Ukrainian Crisis
url: https://www.ml-quant.com/papers/ssrn/4916198/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4916198
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4916198
featured: 2024-08-07
citations: 7
topic: Crypto & DeFi
---


# Cryptocurrencies as a Vehicle for Capital Exodus: Evidence from the Russian-Ukrainian Crisis

The Russia-Ukraine conflict has boosted the trading volume of most cryptocurrencies, particularly payment tokens and utility coins, with Ripple being significantly affected, as per an event study analysis.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4916198
- Identifier: SSRN 4916198
- Released: 2024-08-05
- First featured: Quant Letter No. 60 (2024-08-07): https://www.ml-quant.com/issues/2024-08-07/
- Citations (Semantic Scholar): 7
- Published in: not yet
- Topic: Crypto & DeFi

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