Europeans Flocking to Crypto: Over 1 in 3 Investors Would Ditch Banks for Better Options
A recent survey of nearly 6,000 investors across Germany, Italy, Spain, and France found that more than one-third would switch their primary bank if a competitor offered better cryptocurrency options. This indicates a growing trend where digital assets are becoming a factor in how some investors evaluate financial providers.
The EU's Markets in Crypto-Assets Regulation (MiCA) appears to be narrowing the trust gap, with nearly half of respondents saying it made digital assets feel safer and more attractive. However, adoption still faces two persistent barriers: 76% of respondents described crypto as insufficiently regulated, and over 60% said they feel poorly informed about digital assets.
The survey also found that Spain recorded the highest crypto ownership rate among the four countries surveyed, at nearly 28%. Germany followed at 25%, Italy at 24%, and France at 23%. Across all respondents, 25% said they already own crypto, and 36% said they plan to invest again within five years.