The cryptocurrency trading landscape in Europe has experienced notable shifts as the monthly volume of trading in euros has doubled year-to-date, surpassing that of other currencies such as the Korean won (KRW), Japanese yen (JPY), and Canadian dollar (CAD). Tether's USDT remains a strong player on platforms like Binance, Crypto.com, and Kraken, despite Coinbase's decision to cease support for EU users. As of mid-December 2024, the BTC-EUR trading pair has overtaken BTC-JPY in market share for the first time since early 2023, now ranking as the third-largest Bitcoin-fiat pair by volume. Additionally, BTC-EUR's share of global Bitcoin-fiat volume has risen from 3.6% to 10% since the start of the year. The market for euro-backed assets has also expanded, with assets like EURC, EURCV, and EURI now commanding 91% of the market, following record trading volumes of nearly $800 million in November 2024. Tether's market capitalization has reached $140 billion, even as some users shift towards more compliant alternatives like USDC.