🚀 Crypto enthusiasts, hold onto your digital wallets! Europe is buzzing with crypto activity, and it's not just the espresso talking. A new report from Kaiko and Bitvavo reveals that euro-denominated trading volumes in 2024 have consistently outshone 2023, peaking at over $42 billion in March and November. The euro is now the third most-traded fiat currency, trailing only the USD and Korean won.
Meanwhile, MiCA-compliant stablecoins are taking the European market by storm. With Tether stepping back from its EURt, euro-backed stablecoins like Circle's EURC and Societe Generale's EURCV are thriving, capturing 91% of the market. Binance is also making waves, nearly matching Coinbase's market share.
What do you think about Europe's crypto evolution? Share your thoughts below! 💬