The EU expanded 2.2%, while the UK shrank 8% and still remained the largest single market at 424.5 billion. Germany (288.8 billion), France (215.8 billion) and the Netherlands (207.8 billion) followed.
The bigger story for the dollar is currency share. The euro now accounts for 11.8% of crypto volume across 33 major government-issued currencies. Chainalysis compares that with a 14.5% benchmark drawn from its role in global FX markets, so the gap is closing. The rise lines up with MiCA’s full rollout, which gave exchanges one rulebook and passporting rights across the bloc.
Follow us on X for real-time crypto updates.
How EUR/USD Movements Affect European Crypto Investors
Most crypto assets are quoted in…
