EUR trading accounts for 1% of Binance spot volume, CryptoQuant says
Euro-denominated trading accounts for around 1% of Binance’s spot volume, according to CryptoQuant data, as the exchange faces uncertainty ahead of MiCA’s July 1 deadline.
Euro-denominated trading accounts for only a small share of Binance’s activity, as the exchange faces uncertainty over its European licensing prospects under the Markets in Crypto-Assets Regulation (MiCA).
Euro (EUR) trading accounts for around 1% of Binance’s spot volume, CryptoQuant analyst Maartunn told Cointelegraph.
“Binance’s inflows remain globally distributed, which may limit the impact of potential MiCA-related setbacks,” Maartunn said, pointing to the exchange’s diversified user base across regions.