Banks Double MiCA Crypto Share to 23%, Led by Germany — SkimNews
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- Banks doubled their count on ESMA's MiCA register from roughly 40 to about 80 between June 26 and Sept. 16, according to a Cointelegraph analysis.
- Banks lifted their share to nearly 23% of all MiCA-registered providers — almost one in four — up from about 17% in late June.
- The total number of CASPs rose from 243 to 349, but non-bank providers lost relative ground, with their share falling from about 84% to 77%.
- Germany drove much of the expansion, with dozens of cooperative and commercial banks entering the register.
- Deutsche Bank announced plans to launch digital asset custody for institutional and corporate clients in Europe, with a spokesperson saying MiCA regulatory approval is expected in October.
- Regional lenders — Volksbank, Raiffeisenbank, and VR Bank institutions — also joined the register, spreading regulated crypto services into Germany's cooperative banking network.
- Under Article 60 of MiCA, banks can provide crypto services via a notification procedure requiring submission at least 40 working days before providing services, bypassing the standard CASP authorization process.
Why it matters: Banks' share jumped from 17% to 23% in roughly three months, meaning traditional lenders — not crypto-native firms — are increasingly setting the pace for regulated crypto services in Europe. Article 60's lighter-touch notification route gives banks a structural speed advantage over CASP-authorized crypto companies, tilting competitive dynamics toward incumbents.
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