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Banks Now Hold Nearly 1 in 4 Spots on EU's MiCA Crypto Register
Between 26 June and 16 September 2026, the number of banks on the European Union's MiCA crypto register doubled to about 80. Banks now hold nearly 23% of all registered crypto service providers, up from around 17%.
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What happened
Between 26 June and 16 September 2026, the number of banks on the European Union's MiCA crypto register doubled to about 80. Banks now hold nearly 23% of all registered crypto service providers, up from around 17%.
Confirmed
Global impact / market context
More banks joining means traditional finance is embracing crypto under clear rules. This could increase investor confidence and bring more mainstream money into digital assets, potentially boosting trading volumes.
Analyst inference
As banks increase their crypto presence, competition may rise, possibly lowering fees for users. This shift could also pressure smaller non-bank providers and align crypto services more closely with standard banking practices.
Analyst inference
What to watch
- Watch for further updates to the MiCA register to see if the bank count continues growing beyond about 80 after September 2026, confirming a sustained trend. Confirmed
- Consider monitoring whether other EU financial regulators propose similar rules in response, as this might signal broader adoption of crypto licensing across different regions. Proposed
- Watch how existing non-bank crypto firms react to increased competition, as they might adjust their services or pricing to retain customers in this changing landscape. Analyst inference