Kaiko report reveals EUR fiat pairs dominate crypto trading volumes

KRW: The South Korean won is the official currency of South Korea. In the context of the news, it serves as a point of comparison showing robust fiat crypto trading activity in Asian markets. The Kaiko report positions KRW pairs as a notable component of global fiat crypto volumes. Euro: The euro is the official currency used across the Eurozone member states of the European Union. In this news, it is central to the discussion of how euro-denominated crypto trading volumes are handled primarily through traditional fiat pairs. The Kaiko report emphasizes the euro's continued reliance on conventional banking rails over tokenized stablecoin alternatives. Kaiko: Kaiko is a cryptocurrency market data and analytics provider that produces reports on trading volumes and liquidity across various fiat and stablecoin pairs. Its recent analysis focuses on EUR- and KRW-denominated activity in crypto markets. The report specifically highlights structural differences in how the euro and South Korean won integrate with crypto trading. Currency Rails: Euro flows in crypto markets predominantly rely on traditional banking systems rather than on-chain tokenized versions. Market Structure: Fiat-native trading pairs continue to dominate euro-denominated crypto activity while tokenized euro forms remain limited. Regional Contrast: Asian markets demonstrate stronger adoption of local fiat currencies for crypto trading compared to euro stablecoin usage.