According to Cryptopotato, according to the latest report from research firm Kaiko and Dutch based cryptocurrency exchange Bitvavo, the trading volume of Euro backed stablecoins has significantly increased in 2024, reaching nearly 800 million euros in November, setting a new high in many years. This growth is mainly due to the attention paid to Banking Circle's EURI stablecoin after its listing on Binance. At the same time, stablecoins that comply with MiCA regulations, such as Circle's EURC and Societe Generale's EURCV, have also helped expand the market, with a total market share of 91% at the end of the year. Overall, the European cryptocurrency market experienced significant growth in 2024, with Euro denominated trading volume reaching a historic high. The trading volume for the week of November exceeded 12 billion euros, and the price of Bitcoin also hit a new high. The position of the euro as the third largest traded fiat currency in the global cryptocurrency market has been consolidated, and its share in Bitcoin fiat currency transactions has significantly increased. European exchanges such as Bitvavo, Kraken, and Coinbase have played a key role, with Bitvavo leading in Euro denominated trading volume and holding nearly 50% of the market share. These platforms have significantly expanded their service offerings, listing 331 new Euro denominated trading pairs in 2024 to meet the growing demand. The liquidity of the euro market has also significantly improved, with the comprehensive 1% market depth of euro denominated trading pairs doubling by November.