A report from Kaiko reveals key developments in the European crypto market in 2024, including:
⚫ Euro trade volumes remain above 2023 levels, reaching €50 billion in November, almost double that of October.
⚫ BTC-EUR surpassed BTC-JPY for the first time, surging to 9.9% from 3.6% at the beginning of the year.
⚫ Monthly trading volumes for euro-backed stablecoins hit a new all-time high, approaching $800 million in November.
⚫ MiCA-compliant stablecoins dominate market share, growing from around 20%-30% to 90.6%.