A new Bitpanda survey shows that despite awareness of crypto assets, most European banks are not rushing to provide services in this field.
Investors Move, Banks Stall
According to the study, 40% of business investors already hold digital assets, while 18% plan to do so soon. Meanwhile, only 19% of financial institutions report strong client demand for crypto services, reflecting a 30% disconnect from the actual market situation.
The Revenue Risk
Banks ignoring the crypto sector might lose market share. Bitpanda's data reveals that 58% of business investors are either involved already or ready to join. However, just 19% of financial institutions offer crypto products.
Future Market Changes
Although banks realize the importance of cryptocurrencies, actionable steps are lacking. The new MiCA regulation in the EU clears legal hurdles, yet only 19% of banks are taking practical steps toward crypto services.
The crypto market continues to grow, and European banks can still catch up by adapting their services to the increasing demand for digital assets.
