Most bank banks fail to meet the increase in demand for the cryptom of investors – poll

3 days ago

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Most bank banks fail to meet the increase in demand for the cryptom of investors - poll

European banks and financial institutions can significantly underestimate demand for cryptocurnent services, with less than one in five digital funds offered, according to the new research of the CRIPTO Investment Platform Bitpand.

The study was surveyed by 10,000 inhabitants and business investors in 13 European countries and discovered that more than 40% of business investors already keep crossing, and another 18% plans to invest in a close future.

However, only 19% of the surveyed financial institutions said that their clients have shown strong demand for CRIPTO products – suggesting 30% gap between the actual adoption and perceived interest of investors.

Moreover, only 19% of the surveyed European financial institutions offer CRIPTO services, while over 80% of institutions recognize the crypt’s significant importance.

However, some European banks recognize the growing demand for digital assets, with 18% of the surveyed financial institutions plan to expand their offer of CRIPTO services, especially offers related to CRIPTO transfers.

“Financial institutions in Europe know that it is crypto here, but most still does not offer services that meet the demand of investors,” Premier Enzersdorfer-Konrad, Deputy General Manager Bitpanda.

The main obstacles to adoption are not external issues such as regulation, but inner, such as “lack of resources or knowledge,” he told Conistelegraph, adding:

“They can be overcome, and the challenge of financial institutions is clear: go and check your outflows. You can see where customers move their money; you can see how much the right demand for the crippt is.”

More CRIPTO products from banks can increase the European adoption of the crypto, as 27% of survey respondents will more willingly invest in cryptocurrency through a traditional bank, while only 14% would choose a crippo exchange.

Compared, 36% of business investors decides to invest through exchange, while traditional banks are only third most popular option with 27%.

Financial institutions without crypto integration risk to lose revenues

Banks and financial institutions without cryptocurric integration risk have lost a significant share of income from companies and retail investors, according to Enzersdorfer-Konrad.

“Financial institutions that delay the integration of crypto services risk they lost revenue on their competition or crypto company regulation, now is the time to do,” added that now is the time to commit.