CoinsPaid has released a report on the state of the cryptocurrency industry in Europe, analyzing countries across five key metrics. The UK, Germany, and Liechtenstein ranked as the top performers.
CoinsPaid analysts have published a 2025 report on the dynamics of cryptocurrency adoption in Europe, assessing the level of digital asset integration across 41 countries. The study evaluates five core areas: regulation, business activity, taxation, technological development, and user accessibility.
According to the final index, the UK, Germany, and Liechtenstein lead in cryptocurrency adoption and integration. Switzerland and France also ranked in the top 5. CoinsPaid notes that these high positions reflect innovation-driven regulation and the scale of national economies. The UK, Switzerland, and Liechtenstein benefited from regulatory flexibility outside the EU, while Germany and France scored highly thanks to institutional maturity and economic strength.
The report highlights several trends. Countries with higher GDP generally achieve stronger results, while ones that joined the EU after 2000 typically fall in the mid-range. EU candidate states remain in the early stages of adoption, with Georgia standing out as an exception due to a strong regulatory push.
The methodology draws on five years of data and relies on statistical analysis, including Partial Least Squares (PLS) regression, to weigh and combine indicators into the final index.
According to CoinsPaid CEO Max Krupyshev, the number of cryptocurrency holders worldwide surpassed 650 million by the end of 2024, and Europe remains one of the most dynamic regions for crypto market development. “We are happy to share such fundamental data with the industry to help drive the market even further,” Krupyshev said.
Earlier this month, CoinsPaid representatives took part in a conference in Tallinn, where industry leaders discussed the future of financial regulation in Europe and the outlook for the region’s FinTech sector.
