Europe seems to open the way to the transition from the financial industry to the crypto. Institutions across Europe respond to the repression of the United States against friendly banks in crypto by improving their efforts to promote a more hospital environment for digital assets.
According to recent data, Europe now houses more than 50 institutions that provide cryptography services, a figure that exceeds that of Asia and North America.
Regulations provide a clearer path
Europe’s regulatory clarity is an important factor contributing to its growing involvement in cryptographic banking services. With the implementation of the Crypto-Active Markets framework (MICA) by the European Union, companies involved in cryptocurrencies are subject to clear laws. This gives organizations the trust necessary to provide services without worrying about unforeseen legal changes.
On the other hand, the United States has adopted a different approach. The recent closures of Silvergate Bank and Signature Bank, two banks known for their support for cryptocurrency companies, left a hole in the American market. Currently, many cryptocurrency companies based in the United States are turning to other nations for financial solutions.
Europe leads the world in terms of cryptographic convivial banks 🏦
While the American West has just published directives allowing banks to engage in cryptography services such as daycare or stablecoin services, European banks are already in advance.
BBVA Spain is the last example, announcing … pic.twitter.com/2frr38fa2k
– Patrick Hansen (@paddi_hansen) March 11, 2025
Europe directs the globe in terms of Crypto user-friendly banks, said Patrick Hansen, EU strategy and policy advisor in Circle, in a recent post X. Europe has quietly established itself as the undisputed digital currency market, while the main powers like the United States are trying to gain a firm presence in the field thanks to banking partnerships.
The figures show that Europe is advancing
Coincub data indicate that there is an increasing level of division. Asia has only 24 banks that support Bitcoin and other related assets, while Europe has 55 banks. While regulatory pressures are intensifying, North America, which was previously a hub for banks suitable for Bitcoin, is now lagging behind.
The lack of trustworthy banking partners makes us fight against crypto companies with capital management and payments treatment. Some have already started to move their business in areas with better laws. The approach of Europe, emphasizing control over limitation, is attractive.
Traditional institutions are involved
The financial institutions established in Europe also enter the mixture. A major player in the financial markets, Clearstream de Deutsche Boerse is now developing services for the custody and the regulation of Bitcoin. This decision indicates that traditional financial institutions seek to serve institutional investors because they include the possibilities of digital assets.
As of today, the market cap of cryptocurrencies stood at $2.63 trillion. Chart: TradingView
Meanwhile, American institutions continue to be cautious. Due to the regulatory examination, many people refrain from investing in digital currency. The result? A growing disparity between the United States and Europe in terms of number of financial institutions that are willing to provide services to industry.
The road to come for Europe
Europe becomes a digital bank center as more and more institutions are getting involved and regulations become clearer. On the other hand, the United States has not yet established a clear framework on how banks should manage digital assets. If policies do not change, American companies can continue to be behind their European competitors.
Star image of Gemini Imagen, tradingView graphic
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