EU Crypto Users Favor Regulated Firms Under MiCA

European crypto users are increasingly placing their trust in regulated platforms following the implementation of MiCA (Markets in Crypto-Assets) framework, according to Christian Trummer, co-CEO of Bitpanda.

In a recent interview on Cointelegraph's Chain Reaction, Trummer noted that most users have 'more faith' in regulated market participants and trust those platforms following the rollout of MiCA.

He contrasted this with what he described as a 'Crypto Twitter' bubble focused on self-custody, saying most users prefer to use regulated providers rather than managing their own private keys.

Trummer also called for stricter enforcement of MiCA, stating that some companies continue to serve European customers without complying with the framework, putting regulated firms at a competitive disadvantage.