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Europe dominates crypto banking with 63 providers

April 17, 2024 | Finery Markets

Over 135 traditional financial institutions are providing crypto banking support as blockchain assets have recently experienced rapid adoption and mainstream press.

According to a joint report from Finery Markets and Coincub, analysts noticed a sharp increase in rails between banks and digital assets, with more money houses tapping decentralized finance utility.

The phenomenon was spotted in regions worldwide, but Europe dominated the sector. At the end of this year’s first quarter, more than 63 institutions across European markets offered crypto banking services.

Europe has become a world leader in blockchain oversight by introducing its Markets in Crypto Assets Regulation (MiCA) and other rules, such as stablecoin policies, to encourage innovation and maintain investor safety.

See more: crypto.news