A survey found 35 percent of European investors are willing to switch their main bank if another offers better cryptocurrency investment services.

Cointelegraph reported on April 21 that a survey by Boerse Stuttgart Digital, a subsidiary of Deutsche Boerse, found cryptocurrency services are starting to influence European investors' choice of bank.

The survey covered about 6,000 investors in Germany, Italy, Spain and France. About 1 in 5 respondents expected their main bank to provide access to cryptocurrency investment within the next 3 years.

Regulatory uncertainty and low understanding were still cited as obstacles to wider adoption. Some 76 percent of respondents said crypto assets are not sufficiently regulated, and more than 60 percent said they do not know much about digital assets.

The European Union's Markets in Crypto-Assets regulation, known as MiCA, was cited as a factor that increases trust. MiCA fully applied to crypto-asset service providers from Dec. 30, 2024, and nearly half of respondents said the MiCA framework made digital assets feel safer and more attractive.

Matthias Voelkel (마티아스 푈켈), chief executive of Boerse Stuttgart Group, said trust and clear regulation are essential to the next stage of crypto adoption in Europe. He added MiCA increases transparency and legal certainty, providing the clarity investors expect.

Traditional financial institutions are also moving into crypto. Boerse Stuttgart Digital said it became the first German crypto-asset service provider to secure a MiCA licence valid across Europe in January 2025 through a custody subsidiary.

Spain had the highest share of holdings by country. About 28 percent of Spanish investors already held digital assets, followed by Germany at 25 percent, Italy at 24 percent and France at 23 percent. Some 25 percent of all respondents said they had already invested in crypto, and 36 percent said they were likely to invest again within the next 5 years.