Abstract

The advent of cryptocurrencies has introduced a paradigm shift in the financial ecosystem, offering a novel approach to traditional banking and financial transactions. This Master's thesis titled "Cryptocurrency Adoption in Traditional Banking: Challenges and Opportunities" provides a comprehensive analysis of the integration process of cryptocurrencies into the traditional banking sector. It scrutinizes the multifaceted challenges banks face in adopting cryptocurrencies while highlighting the unprecedented opportunities this new form of currency presents. The study commences with a detailed overview of the cryptocurrency market, emphasizing its growth, volatility, and the technological underpinnings that distinguish it from conventional banking systems. It delves into the historical perspective of cryptocurrencies, with a specific focus on Bitcoin, Ethereum, and other significant players, to understand their evolution, current market dynamics, and potential future trajectories.

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