Cryptocurrency adoption is advancing in Germany through family offices, wealth managers, individual advisers and younger investors seeking to invest inherited wealth in digital assets, according to CoinShares crypto researcher Luke Nolan. Germany has 89 licensed crypto-asset service providers, representing 25.5% of firms in the European Securities and Markets Authority’s MiCA register, and led the European Union in MiCA authorizations in June with 57 authorized companies. German banks are also expanding into the sector: Deutsche Bank is awaiting regulatory approval for institutional crypto custody services in Europe, while Landesbank Baden-Württemberg began offering custody in April 2024 through a partnership with Bitpanda. The UK remains a nascent retail market after the Financial Conduct Authority lifted its ban on crypto exchange-traded products for retail participants less than a year ago. The FCA has issued guidance for the country’s incoming crypto regime, with licensing applications opening Sept. 30 and transitional-arrangement applications due by Feb. 28, 2027, before the regime takes effect on Oct. 25, 2027.