It seems that Europe is directed in the transition of the financial industry to the crypto. Institutions throughout Europe react to the repression of the United States in the field of cryptocurrency -friendly banks, increasing efforts to support a more hospitable digital asset environment.
According to the latest data, Europe It is now home to over 50 institutions that provide cryptographic services, which exceeds the number of both Asia and North America.
The regulations constitute a more pronounced path
Europe’s regulatory transparency is an vital factor contributing to the growing involvement in cryptocurrency banking. Along with the implementation of markets as part of cryptocurrencies (MICA) by the European Union, enterprises involved in Cryptocurrencies are subject to clear regulations. This gives organizations confidence in offering services without worrying about unforeseen legal changes.
On the other hand, the US adopted a different approach. Recent closures of Silvergate Bank and Signature Bank, two banks known from their cryptocurrency companies, left the hole on the American market. Currently, many American cryptocurrency companies are looking for other nations in the field of financial solutions.
Europe runs the world in terms of cryptocurrency amiable banks 🏦
While the US OCC has just issued guidelines, enabling banks to get involved in cryptographic services such as care services or Stablecoin, European banks are already ahead of us.
BBVA Spain is the latest example, announcing … pic.twitter.com/2frr38fa2k
– Patrick Hansen (@paddi_hansen) March 11, 2025
Patrick Hansen, an advisor to strategy and politics in Circle, Europe, manages the globe in terms of cryptocurrency amiable banks. Europe has become unquestioned quietly Leader on the digital currency marketWhile the main permissions, such as the United States, are trying to gain a powerful presence in the field through banking partnerships.
The numbers show that Europe is leading forward
Data from Coincub indicate that there is a growing level of division. Asia has only 24 banks that support Bitcoin and other related assets, while Europe has 55 banks. As the regulatory pressure gets worse, North America, which was previously the center of Bitcoin -friendly banks, is now behind.
The lack of trustworthy banking partners means that cryptographic companies are fighting capital management and payment processing. Some have already started to transfer their activities to areas with better regulations. Europe’s approach, emphasizing control over limitation, turns out to be attractive.
Time-honored institutions are involved
The established financial institutions in Europe also enter the mixture. Main player on financial markets, Clearstream Deutsche Boree Now he is developing services in the field of Bitcoin and settlement. This movement indicates that established financial institutions want to serve institutional investors because they understand the possibilities of digital assets.
As of today, the market cap of cryptocurrencies stood at $2.63 trillion. Chart: TradingView
Meanwhile, American institutions are still cautious. Due to regulatory control, many people refrain from investing in digital currency. Result? The growing difference between the United States and Europe in terms of the number of financial institutions that are ready to provide services to the industry.
Road before Europe
Europe is becoming a digital banking center because more and more institutions are involved and the regulations are becoming clearer. On the other hand, the US has not yet established a clear framework about how banks should deal with digital assets. If the rules do not change, American companies can still be behind their European competitors.
A distinguished picture from Gemini Imagen, chart from TradingView
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