Survey: Less than 20% of banks and financial institutions in Europe offer cryptocurrency services

ChainCatcher news, according to Cointelegraph, a recent survey by the crypto investment platform Bitpanda shows that European banks and financial institutions may have seriously underestimated the demand for cryptocurrency services, with fewer than one in five banks and financial institutions offering digital asset products.

The survey studied 10,000 retail and institutional investors across 13 European countries and found that over 40% of institutional investors already hold cryptocurrencies, with another 18% planning to invest in the near future. However, only 19% of the surveyed financial institutions indicated that their clients showed strong demand for crypto products, suggesting a 30% gap between actual adoption rates and perceived interest among investors.