Crypto adoption blooming in Germany, while UK is falling ‘behind,’ says CoinShares researcher

Summary

Germany is moving ahead in crypto adoption, especially among younger investors and wealth channels such as family offices, advisers, and banks. A CoinShares researcher said German users are increasingly looking to invest inherited wealth in digital assets, and the country has become a major European hub for licensed crypto firms and MiCA authorizations. Large banks like Deutsche Bank and Landesbank Baden-Württemberg are also expanding into crypto custody. The UK is lagging by comparison, mainly because regulation moved later. The FCA only recently lifted its ban on crypto exchange-traded products for retail access and is still building its licensing regime. Although new rules are now being finalized, the market remains early-stage, and the FCA continues to crack down on suspected illegal crypto activity.