European banks lag behind demand for cryptocurrencies
Date: 2025-03-28 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Bitpanda surveyed over 10,000 private and institutional investors from 13 European countries. The results of the study showed that interest in cryptocurrencies is steadily growing among both individuals and organizations.
According to the data, over 40% of respondents have already invested in cryptocurrencies, while another 18% expressed their intention to do so in the near future. Interestingly, every fourth investor would prefer to make such investments through a traditional bank, while only 14% trust crypto exchanges.
However, according to survey participants, financial institutions in the eurozone do not realize the scale of interest in digital assets. Only 19% of banks recorded an increase in customer demand for cryptocurrency products, while the actual interest is much higher. This shows a 30% gap between banks’ perceptions and investors’ actual expectations.
Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, emphasized that the main problem for banks is not external restrictions, including regulations, but internal barriers. Among them, he highlighted the lack of qualified personnel and the lack of proper technical solutions to integrate cryptocurrency products into the existing infrastructure.
Meanwhile, European authorities are also expressing concern about the growing influence of the United States in the cryptocurrency sphere. Pierre Gramegna, who heads the European Stability Mechanism, noted that the support of the American administration, including under Donald Trump, for digital assets and dollar stablecoins could pose a threat to the monetary independence of the European Union.
Thus, against the backdrop of growing investor interest in cryptocurrencies, European banks are unprepared to meet this demand, which could create favorable conditions for alternative platforms and fintech solutions.
