Related: Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchaseStill, some European banks are recognizing the growing demand for digital assets, with 18% of surveyed financial institutions planning to expand their crypto service offering, particularly offerings related to crypto transfers.“Financial institutions in Europe know that crypto is here to stay, but most are still not offering services that match investor demand,” according to Lukas Enzersdorfer-Konrad, deputy CEO of Bitpanda.
Related: Security concerns slow crypto payment adoption worldwide — SurveyFinancial institutions with no crypto integration risk losing revenueBanks and financial institutions without cryptocurrency integrations risk losing significant revenue share from both businesses and retail investors, according to Enzersdorfer-Konrad.“Financial institutions that delay integrating crypto services risk losing revenue to their competition or crypto native companies.
European banks and financial institutions may be significantly underestimating the demand for cryptocurrency services, with fewer than one in five offering digital asset products, according to a new survey by crypto investment platform Bitpanda.
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Author / Journalist: Cointelegraph by Zoltan Vardai
The story "Most EU banks fail to meet rising crypto investor demand — Survey" has 417 words across 16 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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