Euro-denominated spot trading volume on centralized exchanges reached 362 billion euros in 2025, a 31% increase from the previous year, with a monthly average of 28.5 billion euros. Despite the growth of euro stablecoins (volume multiplied by 7 to 8 since 2024), fiat pairs still account for 92.54% of EUR trading volume, with stablecoins capturing only 7.46%. Bitcoin remains the dominant asset, with cumulative EUR-denominated volume approaching 50 billion euros since early 2024. Dutch exchange Bitvavo leads the market with 44% of global EUR spot trading volume and the tightest average spreads at 0.981 basis points.
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