Bitpanda Survey Reveals Gap Between Crypto Interest and European Bank Offerings

A recent Bitpanda survey, polling 10,000 investors across 13 European countries, reveals a significant gap between investor interest in cryptocurrencies and the services offered by European financial institutions. The survey indicates that over 40% of business investors already hold digital assets, with another 18% planning to invest soon. However, only 19% of financial institutions currently provide digital asset products, creating a 30% mismatch between client engagement and bank perception. While over 80% of banks acknowledge the importance of digital currency, only 19% offer crypto-related services. Bitpanda's deputy CEO, Lukas Enzersdorfer-Konrad, attributes this to internal challenges like lack of resources and knowledge, not regulatory hurdles. The survey also notes that 36% of business investors prefer exchanges for crypto investments, while only 27% would choose a traditional bank. With the EU's MiCA regulation providing a framework, Bitpanda urges banks to adapt to evolving investor preferences to avoid revenue loss to crypto-native firms.