The European cryptocurrency market has changed dramatically, with euro-denominated trading volumes hitting a multi-year high of nearly €50 billion in November 2024, according to a report from Kaiko Research . Exchanges like Bitvavo and Kraken are competing for dominance in this growing ecosystem, fueled by Bitcoin prices above $100,000 and growing interest in altcoins.

European exchanges have a record number of euro-denominated trading pairs and are seeing growing adoption of euro-backed stablecoins. As a result, the euro has become the third most traded fiat currency in the crypto world$PEPE $DOGE $ADA #2024withBinance