A significant proportion of European investors are likely to change banks in pursuit of better cryptocurrency services, according to a recent study by Boerse Stuttgart Digital, highlighting a significant shift in the role of digital assets in shaping retail finance across the region. The study, which surveyed 6,000 individuals across Germany, Italy, Spain, and France between August 2025 and January 2026, found that 35% of respondents would consider switching banks if another institution offered more robust cryptocurrency investment options.
This figure rises to 40% in Spain, followed by Italy at 35%, France at 33%, and Germany at 29%. At the same time, cryptocurrency ownership continues to grow, with around 25% of respondents stating they have already invested in digital assets, led by Spain at nearly 28%, followed by Germany at 25%, and Italy and France slightly behind. Despite cryptocurrency's origins outside traditional finance, the study suggests that banks remain crucial to its next phase, with investors more than twice as likely to trust their primary bank for cryptocurrency services than specialized platforms.
This trust advantage comes as many investors still struggle to understand the asset class, with over 60% stating they feel poorly informed about cryptocurrency and 69% describing it as too complex. Concerns around regulation also persist, with 76% viewing cryptocurrency as insufficiently regulated and therefore risky. The findings point to a potential opportunity for banks, with nearly one in five respondents expecting their bank to offer cryptocurrency access within the next three years, suggesting that digital assets are transitioning from a niche offering to a standard feature in retail finance.
Access to cryptocurrency in Europe has expanded in recent years, though it remains uneven, with some banks and fintech firms offering trading or custody services, while many large institutions have taken a cautious approach, often limiting exposure to select products or pilot programs. As a result, investors frequently rely on a mix of traditional banks and specialized platforms to manage their holdings. Regulation is beginning to shape this landscape, with the European Union's Markets in Crypto-Assets (MiCA) framework, which is being phased in across member states, setting common rules for cryptocurrency service providers, including licensing, consumer protection, and operational standards.
The aim is to create a more consistent market across the region and reduce risks tied to unregulated activity. Clearer regulation may play a role in this shift, with nearly half of respondents stating that European Union rules, such as the MiCA, increase their trust in digital assets, indicating that further regulatory clarity could help bring more investors into the market.