Europe Cryptocurrency Market Grow with a CAGR of 16.28% through 2030F
The Europe Cryptocurrency market is driven
by regulatory clarity, institutional adoption, DeFi growth, CBDC initiatives,
increasing retail interest, blockchain innovation, and macroeconomic factors
like inflation and interest rates.
According to
TechSci Research report, “Cryptocurrency Market – Europe Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2030F”, the Europe
Cryptocurrency market stood at USD 10.24
billion in 2024 and is expected to grow USD 18.45 billion
by 2030 with a CAGR of 16.28% during the forecast period. The
growth of the Europe Cryptocurrency market is expanding rapidly due to several
key drivers. The implementation of the Markets in Crypto-Assets (MiCA)
regulation is providing a structured regulatory framework, increasing investor
confidence and institutional participation. The rise of crypto exchange-traded
funds (ETFs) and other investment products is further attracting both retail
and institutional investors. Also, blockchain innovation, including Layer-2
scaling solutions, smart contracts, and tokenization of real-world assets, is
transforming financial services. The growth of Decentralized Finance (DeFi) and
the development of Central Bank Digital Currencies (CBDCs), such as the digital
euro, are also accelerating market adoption. Other key drivers include
corporate crypto adoption, AI integration with blockchain, cross-border crypto
payments, sustainability-focused blockchain projects, and decentralized
identity solutions. With increasing regulatory clarity and technological
advancements, Europe's cryptocurrency market is poised for continued growth.
The Europe Cryptocurrency
market is being driven by the decentralized identity, offering enhanced
security, privacy, and regulatory compliance. These blockchain-based identity
systems enable users to control their personal data without relying on
centralized entities, reducing risks associated with data breaches and identity
theft. With the increasing focus on Know Your Customer (KYC) and Anti-Money
Laundering (AML) regulations, decentralized identity solutions provide a
trustless and verifiable method for identity authentication, ensuring
compliance while maintaining user privacy. The European Union’s EBSI (European
Blockchain Services Infrastructure) is actively exploring blockchain-based
digital identity frameworks to enhance transparency and security across
financial and governmental services. Adoption is growing among crypto
exchanges, DeFi platforms, and fintech firms, integrating decentralized
identity to streamline onboarding, improve security, and facilitate regulatory
approval. As Europe moves towards Web3 and digital sovereignty, decentralized
identity solutions will play a pivotal role in shaping the future of the
cryptocurrency ecosystem.
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"Europe Cryptocurrency Market”
The Europe Cryptocurrency
market is segmented into type, end user, and country.
Based on the end
user, the peer-to-peer payment segment is the fastest growing in the Europe Cryptocurrency
market, driven by low transaction costs,
financial inclusion, and the rise of digital payment alternatives.
Cryptocurrencies enable borderless, instant, and cost-effective transactions,
making them attractive for remittances and everyday payments.The expansion of
stablecoins like USDT and USDC has further accelerated P2P adoption by
providing a less volatile digital asset for transactions. Also, the development
of Lightning Network and Layer-2 scaling solutions has improved Bitcoin’s
efficiency for P2P transfers.
Based on the country,
Spain is the fastest-growing country in the Europe Cryptocurrency market driven
by its strong retail adoption, favorable regulations, and
increasing institutional interest. The country has one of the highest numbers
of crypto ATMs in Europe, making digital assets easily accessible to the
public. The Spanish government’s progressive approach toward blockchain and
crypto taxation is fostering growth, while local fintech startups and
traditional banks are exploring crypto payments and digital asset management. Also,
rising remittance flows from Latin America are driving demand for peer-to-peer
(P2P) crypto transactions, offering cheaper and faster cross-border transfers.
With increasing blockchain innovation, Web3 development, and growing
crypto-friendly businesses, Spain continues to solidify its position as a key
player in Europe’s expanding cryptocurrency landscape.
Major companies
operating in the Europe Cryptocurrency market are:
- EToro
- FinanceMalta
- Zengo Ltd
- Bitfury Holding B.V
- Ledger SAS
- Crypto.com
- Coinbase
- Bitkuber Investments Pvt. Ltd
- Bitcoin UK
- Payward, Inc.
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“The Europe Cryptocurrency
market is witnessing substantial growth, owing to the increasing adoption of corporate
crypto adoption. Major corporations, fintech firms, and traditional financial
institutions are increasingly integrating crypto payment solutions,
blockchain-based financial services, and tokenized assets into their business
models. Several European companies now accept Bitcoin, Ethereum, and
stablecoins for transactions, enhancing mainstream adoption. Also, financial
institutions are launching crypto custody services, exchange-traded funds
(ETFs), and blockchain-based settlement systems to attract institutional
investors.,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
Europe Cryptocurrency Market, By Type (Ethereum, Tether, USD Coin, Bitcoin,
Others), By End User (Trading, Retail & E-Commerce, Peer-to-Peer Payment, Remittance),
By Country, Competition, Forecast
& Opportunities, 2020-2030F”,
has evaluated the future growth potential of Europe Cryptocurrency market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Europe Cryptocurrency market.
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