Traditional financial institutions are increasingly embracing cryptocurrencies, with over 135 banks worldwide offering crypto banking services, according to a report by Finery Markets and Coincub. The adoption of blockchain assets has gained momentum, especially in Europe, where more than 63 institutions provided crypto banking support by the end of the first quarter of this year.

Europe has emerged as a leader in regulating blockchain technology through initiatives like Markets in Crypto Assets Regulation (MiCA) and stablecoin policies. These regulations aim to foster innovation while ensuring investor protection in the rapidly evolving crypto landscape.

Konstantin Shulga, co-founder and CEO of Finery Markets, highlighted the growing interest in digital assets connecting traditional finance and blockchain economy. However, he also pointed out the need for more sophisticated investment options and institutionalized services in the crypto space.

Aside from Europe, North America, Asia, and South/Central America have also shown significant demand for crypto banking services. Despite the dominance of European banks in crypto banking, North America has witnessed a surge in interest, with 30 banks offering services related to the crypto industry.

Europe’s influence in the crypto sector extends beyond banking, with Google search data showing high interest in the upcoming Bitcoin halving event. European cities dominate the list of areas with the most searches related to the halving, which will reduce BTC block mining rewards by 50%.

Overall, the global adoption of cryptocurrencies by traditional financial institutions reflects the increasing integration of digital assets into mainstream finance. As regulatory frameworks evolve and investor interest grows, the crypto banking sector is poised for further expansion in the coming years.

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