Hungary sees crypto market collapse as private banking wealth hits record

A recent PwC survey shows that Hungary's crypto market has shrunk dramatically. Active cryptocurrency users fell from about 210,000 to roughly 130,000, a 38 % drop, as falling global prices, tighter liquidity, high interest rates and new regulatory rules discouraged small investors. The exit of Revolut’s crypto service hit hardest, with 56 % of its former users quitting crypto altogether and only 26 % moving their holdings to other platforms such as Binance, Crypto.com, Kraken, Coinbase and Bitpanda.

At the same time, Hungary’s private‑banking sector reported record assets. The combined wealth managed by domestic private banks rose 14 % to 12.579 trillion forints, driven by fresh capital inflows after the 2022 government change and growing interest in riskier investment segments. The top‑100 richest Hungarians now hold a collective 1.559 trillion forints, while total private‑bank assets reached about 13.5 trillion forints by mid‑2026, a rise of roughly 12 % year‑over‑year.