Germany now has 89 providers approved under MiCA, or 25.5% of the European ESMA register. At the beginning of July, there were still only 58. In a little over two months, the country added 31, an increase of more than 50%. Banks, wealth managers and players already specialized in crypto are part of this movement. Deutsche Bank is also preparing its own custody service for the end of the year.
In brief
- Germany has 89 providers approved under MiCA.
- They represent 25.5% of the ESMA European register.
- Deutsche Bank wants to launch its digital asset custody service before the end of 2026.
89 crypto approvals, compared to 58 at the beginning of July
The figure is rising quickly. As of July 3, the MiCA register had 280 approved companies in Europe. Germany had 58, ahead of France with 31 and the Netherlands with 26. Tremplin.io then detailed this first wave of MiCA approvals. Today, the German counter rose to 89.
This number represents 25.5% of providers on the ESMA register, according to data cited by CoinShares. MiCA notably requires authorized companies to declare the services they offer, the European countries in which they intend to operate and the authority which granted them their license. The register is public and regularly updated.
The old transitional periods have also ended. Companies operating under certain national regimes could continue until July 1, 2026 at the latest, unless they first obtained their MiCA authorization.
The transition from 58 to 89 German players therefore occurs just after this deadline. Luke Nolan, researcher at CoinSharessays he sees the same progression elsewhere than among platforms. He cites in particular family offices, wealth managers and financial advisors. Young German investors are also said to be more demanding of exposure to digital assets.
The big German banks are coming in turn
Deutsche Bank provides the most recent example. Germany’s top bank has confirmed the planned launch of a digital asset custody service by the end of 2026, subject to the completion of regulatory checks. Bitcoin, ether, USDC and EURC should be the first selection offered to European institutional clients and businesses.
Other establishments had started earlier. DZ Bank has already developed an offer integrated into its banking application, while DekaBank works with the German savings banks network. The goal is less to create new exchanges than to add bitcoin and other assets to the services these banks already offer.
The contrast with mainstream adoption is interesting. A YouGov survey carried out in June among 4,000 people placed the use of cryptocurrencies at 11% in Germany, compared to 23% in Switzerland and 18% in Austria. Only 23% of Germans surveyed considered cryptos a worthwhile investment, compared to 37% of Swiss.
Germany is therefore not necessarily in the lead in terms of the number of users. Its figures are especially impressive for authorized companies and banks which are beginning to offer these services.
London is still preparing its new framework
Luke Nolan compares this German acceleration with the British situation. According to him, the market for individuals remains “nascent” in the United Kingdom, in particular because of the delay in putting in place a comprehensive regulatory framework.
The FCA has just published its final directions. Authorization requests will open on September 30, 2026. The window will remain open until February 28, 2027. The new regime will then come into force on October 25, 2027. It will notably cover trading platforms, custody of assets, certain stablecoins and activities related to staking.
The gap with Germany comes partly from this: MiCA already operates in the European Union while London is still preparing the entry into force of its own system. This does not mean that the British are shunning crypto. A Gemini survey published in 2025 even placed detention in the United Kingdom at 24%, compared to 18% a year earlier.
Even in Germany, the 89 approvals only tell part of the story. For example, Switzerland remains well ahead when we ask users directly. A recent survey placed 23% of Swiss among cryptocurrency users, compared to 11% of Germans. For Germany, the current movement comes mainly from institutions. 89 approved service providers. 31 more than at the beginning of July. Deutsche Bank is still waiting for its green light. The German market is far from having completed its installation under MiCA.
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