Germany leads UK in crypto adoption, driven by wealth managers and youth: CoinShares

Germany has quietly become the European Union’s crypto adoption leader, and the gap between it and the UK is wider than most market watchers expected. CoinShares crypto researcher Luke Nolan laid out the case on September 17, pointing to a confluence of institutional enthusiasm, regulatory clarity, and a generational wealth transfer that’s funneling fresh capital into digital assets. The numbers paint a stark picture. Germany now has 89 authorized crypto-asset service providers, accounting for 25.5% of the entire European Securities and Markets Authority register under the Markets in Crypto-Assets (MiCA) framework. That’s a quarter of the EU’s licensed crypto infrastructure sitting in a single country. The wealth management factor Family offices and wealth managers are increasingly steering inherited wealth into digital assets, according to CoinShares’ findings. Deutsche Bank is expected to receive regulatory approval for crypto custody services by October 2026, which would make one of Europe’s largest banks a direct on-ramp for institutional crypto exposure. Deutsche Bank isn’t even first to the party. Landesbank Baden-Württemberg, Germany’s largest state-owned bank, launched cryp...