Banks represent nearly 25% of crypto service providers under MiCA

Banks now constitute nearly one-quarter of crypto-asset service providers registered under the European Union’s Markets in Crypto-Assets (MiCA) framework. Data from the European Securities and Markets Authority (ESMA) shows the number of registered banks rose to approximately 80 by Sept. 16, 2026, up from about 40 in June. This growth brings the banking sector's share of total crypto-asset service providers (CASPs) to 23%. Germany has been a primary driver of this trend, with various lenders registering for crypto services. Unlike crypto-native firms, EU credit institutions utilize a notification procedure under Article 60 to offer services, provided they meet regulatory requirements for governance, custody, and anti-money-laundering procedures.