A Kaiko report revealed key developments in the 2024 European crypto market, including:

⚫ Euro trade volume stayed above 2023 levels, with €50bn in November, nearly doubling that of October.

⚫ BTC-EUR surpassed BTC-JPY for the first time, surging from 3.6% from the start of the year to 9.9%.

⚫ Euro-backed stablecoins saw a record monthly volumes, nearing $800m in November.

⚫ MiCA-compliant stablecoins dominated the market share, growing from around 20%-30% to 90.6%.