European Traders Shift Towards Euro-Denominated Crypto Amidst Dollar Decline

A weakening dollar has prompted European traders to reconsider their cryptocurrency holdings, leading them to favor transactions and investments in euros. This shift is evident in the growing popularity of euro-denominated crypto pairs and stablecoins. In fact, data shows a doubling of liquidity for ETH/EUR markets over the past year and an increasing decline in USD Tether trading activity on European exchanges. 80% of European investors see this change as a strategy to reduce currency risk exposure rather than speculation on exchange rates.