October 5th 2026, 2:07 PM
Euro Fiat Pairs Dominate Euro Crypto Trading
Key Summary
Kaiko's report "The State of the European Crypto Market" reveals that euro-denominated crypto trading volumes have increased 31% from the previous year, reaching €362 billion in 2025. EUR-backed stablecoins account for only 7.46% of total EUR trading volume on centralized exchanges. Bitvavo dominates EUR spot trading volume, capturing 44% of global EUR spot trading volume over the 2025 to 2026 period, with tightest average spreads on EUR pairs at 0.981 basis points. This growth is attributed to the MiCA regulatory framework fostering liquidity improvements and a favorable trading environment in the euro market.
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Key Findings
The Kaiko report emphasizes the significance of EUR fiat pairs in euro crypto trading volumes.Market Implications
This preference for direct transactions is expected to impact stablecoin adoption and market dynamics.Background
The report highlights the growing importance of fiat currency in euro crypto trading, which may influence the adoption of stablecoins.#Ethereum#EU#Crypto#Stablecoins