Banks double on EU MiCA crypto provider list as share hits 23%
Banks now represent nearly one in four providers on ESMA’s MiCA register after roughly doubling their presence since late June.
Banks now represent nearly one in four providers on ESMA’s MiCA register after roughly doubling their presence since late June.
Banks are rapidly expanding their presence in Europe’s regulated crypto market, with traditional lenders now accounting for nearly one in four providers listed under the European Union’s Markets in Crypto-Assets framework (MiCA).
The number of banks on the EU’s MiCA crypto provider list doubled to about 80 from roughly 40 between June 26 and Sept. 16, according to a Cointelegraph analysis of MiCA register data from the European Securities and Markets Authority (ESMA).
Germany drove much of the banking expansion, with dozens of cooperative and commercial banks appearing on ESMA’s MiCA register.