CoinsPaid Launches Index Tracking Europe’s Crypto Adoption

A new report from CoinsPaid charts the current state of cryptocurrency integration across Europe, revealing which nations are leading the way and why. The findings suggest that adoption is no longer just about trading — it’s becoming about regulatory frameworks, infrastructure and accessibility.

According to an article on TechBullion, the United Kingdom, Germany and Liechtenstein top the rankings in Europe for crypto adoption, thanks to their favourable regulatory environments and business-friendly policies. The report examines 41 European countries across five key dimensions: regulation, business activity, taxation, technology and accessibility.

CoinsPaid has positioned itself as more than just a payments company; it is aiming to become a benchmark for how nations are enabling digital asset ecosystems. In the words of its CEO, Max Krupyshev, “Europe’s crypto scene isn’t just about trading. It’s about infrastructure, policy, and innovation … With this Index, we’ve given the industry a mirror — to see where progress is real and where ambition still outpaces reality.”

Key Findings

• The United Kingdom, Germany and Liechtenstein emerge as leaders in adoption, reflecting advanced regulatory structures and active fintech ecosystems.
• Countries with higher GDPs generally perform better, suggesting that economic scale and digital maturity are significant enablers.
• Nations that joined the EU after 2000 tend to place in the mid‐range, showing broad interest but varying levels of maturity in regulation and infrastructure.
• Among the EU candidate states, many remain in the early phases of adoption, with only a few like Georgia standing out due to specific regulatory initiatives.
• Non-EU jurisdictions such as Switzerland and Liechtenstein benefit from regulatory flexibility, giving them an edge ahead of the full rollout of the EU’s MiCA framework.

Methodology

The research draws on data covering the years 2020 to 2024. CoinsPaid standardised indicators across technology, business activity, regulation, taxation and public engagement, grouped them into meta-indices and then used Partial Least Squares (PLS) regression to combine them into a single composite ranking. This robust approach gives credibility to the conclusions and allows direct comparison across countries.

Why this matters

For policymakers, this report provides a clear benchmark for where national crypto ecosystems stand. For businesses and fintech innovators, it highlights which markets might offer the most favourable conditions for expansion. And for consumers and users of digital assets, it shows that crypto is increasingly woven into the fabric of European finance, commerce and regulation.