Crypto On The Rise | ChainComply

Seize the Opportunity of the Decade

Crypto and DeFi is on the Rise

🥳

49.2M

New crypto owners in Europe

(up by 60.3% from 30.7M in 2023)ᵃ

33%

increase in crypto ownership worldwide from 420 million in 2023ᵃ

30%

increase in adoption on European DeFi exchanges in 2023ᵇ

Bitcoin ETF 5.2%

Total Bitcoin in circulation 930,000 BTC

Institutional adoption is not coming.. It's here!

Millennials engage with crypto twice as frequently as Gen X and four times more often than Baby Boomers.

These younger, crypto-savvy clients seek Mica-friendly banks that will be open to transfers from their crypto exchanges.

A significant portion of your clients has already gone 'all in' on crypto

While the amounts of crypto engagement remain moderate for most users (around 1% of incomeᶜ on average), around 15% of clients are making significant, high-stakes transfers: 1-3 months of salary or moreᶜ.   

MiCA guidelines require vigilant monitoring of these higher-risk transactions.

Crypto is not all evil, but it is high risk

Despite the stigma around cryptocurrency, an overwhelming majority of transactions are legal and correspond to perfectly legitimate financial movement.  

Officially, of the total crypto transaction volume, only less than 0,5% corresponds to illicit activitiesᵇ.   

However this figure may be much higher for retail flows, ie. if we exclude the institutional transactions and if we include tax fraud as illicit activity.

This is a just a preliminary glimpse of a larger trend

Starting 2025 MiCA’s licensing regime gives crypto businesses the official stamp of approval to operate legally across the EU. 

% of consumers wanting to be able to make payments in digital currencies.ᵃ

Crypto-based services could disrupt traditional banking services like investments collleteralized lending and first of all payments.

In Conclusion

While the majority of crypto flows may involve low-risk, low-ticket transactions, thorough source of funds investigations are crucial for large or otherwise high-risk crypto transfers. These transactions, while challenging, also present unique opportunities.

By proactively addressing the requirements outlined in the EBA Guidance on crypto assets (16/01/2024), you can enhance compliance, support your AML teams, and build trust with regulators.

This proactive approach will not only strengthen your institution's reputation but also attract and retain crypto-savvy clients.

So, how can we help?

ChainComply empowers banks to thrive in the evolving crypto ecosystem by providing tools to meet consumer demand for compliant but crypto-friendly services.

Leverage Market Growth

Ensure Compliance and Avoid Fines

Lead Innovation in Finance

Your younger, crypto-savvy clients seek crypto-related banking features. However, without tailored offerings, there’s a risk of losing these tech-savvy customers to alternative financial platforms that cater better to their crypto needs.

ChainComply provides tools to
handle high-ticket or high risk transactions,
ensuring your compliance standards are
protected. Balance customer
needs with regulatory
requirements.

By partnering with ChainComply,
banks can position themselves
as industry leaders.
Grow sustainably and implement
innovations before your
competitors.