Crypto Banking Booms in Europe As 63+ Providers Lead the Way

LONDON, Wednesday, April 24, 2024 – Crypto Banking Report 2024 of CoinCub reveals a significant shift in the global landscape of crypto banking, with Europe leading with over 63 traditional financial institutions offering crypto-related services as of the first quarter of 2024.¹

While Europe currently dominates the crypto banking scene, North America follows closely behind, with at least 30 banks offering crypto-related facilities.

Asia comes in third with 24 providers, followed by South and Central America with approximately 13 institutions.

The report acknowledges the dominance of US trading volume in spot Bitcoin (BTC) ETFs but emphasizes Europe’s leadership in several key crypto sectors, including crypto banking adoption and Google search queries related to Bitcoin halving events.

Europe has emerged as a global frontrunner in blockchain regulation with the implementation of the Markets in Crypto Assets Regulation (MiCA) and related measures like stablecoin policies.

These initiatives aim to foster innovation while ensuring investor protection. Konstantin Shulga, co-founder and CEO of Finery Markets, observed that a resurgence of interest in digital assets, both in Europe and worldwide, is bridging the gap between blockchain and traditional finance.²

Nevertheless, Shulga also highlighted obstacles related to accessible investment opportunities and cryptocurrency products.

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