Kaiko: EUR fiat pairs dominate euro crypto trading as EUR stablecoins hold just 7.46%
- —EUR-denominated spot volume on CEXs hit €362 billion in 2025, up 31% year over year
- —EUR-backed stablecoins account for just 7.46% of EUR trading volume on centralized exchanges
- —EUR stablecoin market cap remained below $750 million by Q1 2026
- —Bitvavo captured 44% of global EUR spot volume, with average spreads of 0.981 bps
Why it matters: Europe's euro market is getting cheaper and deeper to trade, but EUR stablecoins have yet to find a killer use case on centralized venues.
Source: Crypto Briefing