A quarter of investors in Germany, France, Italy, and Spain are already investing in crypto-assets, and more than 35% are considering switching banks to gain better access to digital asset investment opportunities.
According to a study by Boerse Stuttgart Digital, interest in crypto-assets across Europe continues to grow, creating a new competitive factor among financial institutions. At the same time, demand for regulated solutions is increasing amid low financial literacy and concerns about risks.
The study found that one in four investors already has experience investing in crypto-assets. Spain leads in the share of crypto investors at nearly 28%, followed by Germany at 25%, Italy at 24%, and France at 23%. Meanwhile, about 36% of those who already invested say they plan to increase their investments over the next five years, despite market volatility.
The study was conducted between August 2025 and January 2026 among 6,000 respondents aged 18 to 70 across the four largest economies in the eurozone.
Overall interest in crypto-assets in the region remains high:
- Spain at 40%;
- France at 36%;
- Germany at 35%;
- Italy at 34%.
In addition, analysts found that access to crypto services is becoming a key factor when choosing a bank. Nearly 20% of investors expect their bank to provide access to crypto-assets within the next three years. In Germany, about 22% expect such changes from their bank; in Spain, 19%; in Italy and France, 18% and 16%, respectively. Overall, 35% of respondents are willing to switch to another bank if it offers better conditions for investing in crypto-assets. This view is shared by about 40% of Spanish investors, 35% of Italian investors, 33% of French investors, and 29% of German investors.
At the same time, traditional banks remain the primary gateway to the market. Investors are more than twice as likely to trust their main bank compared to specialized crypto platforms. The highest level of trust was recorded in France (46%), followed by Spain (40%), Germany (38%), and Italy (37%). Nearly half of respondents said that the development of crypto service regulation in the EU increases their trust in this asset class.
Despite growing interest, the main barrier to entering the market remains a lack of knowledge. More than 60% of investors consider themselves poorly informed about crypto-assets, 69% say they’re too complex, and 76% view them as insufficiently regulated and therefore risky. However, between 44% and 54% of respondents across different countries said they’d increase their investments if they had a better understanding of the instruments.
Earlier surveys showed similar trends. About 27% of adults in the U.K. are willing to include crypto in their retirement planning. Young investors in South Korea hold an average of around 14% of their financial assets in crypto. Wealthy Asian investors are shifting away from dollar-pegged assets in favor of cryptocurrencies.
