A Kaiko and Bitvavo report highlighted the growth of crypto in Europe as regulatory frameworks have emerged in the region.
As cryptocurrency adoption grows in Europe and regulatory frameworks develop, compliant stablecoins are capturing a significant market share, signaling a notable shift in their usage across the region.
A new report by research firm Kaiko and Netherlands-based crypto exchange Bitvavo highlights the expansion of cryptocurrency trading in Europe, with euro trading volumes rising and stablecoin use adapting to new regulations.
The report revealed that euro-denominated trading volumes throughout 2024 consistently exceeded the 2023 average, with peaks in March and November surpassing $42 billion each month. Researchers said this reflects the euro’s increasing role in cryptocurrency markets.
