EUR trading accounts for 1% of Binance spot volume, CryptoQuant says
Euro-denominated trading makes up only about 1% of Binance’s spot volume, so potential MiCA-related setbacks may have limited global impact because Binance’s inflows are spread across regions. Even so, Binance still handles large EUR volumes, roughly $100 million to $250 million per day in 2026, with spikes above $600 million. Greek regulators are reportedly preparing to reject Binance’s MiCA licensing application before the July 1 transitional deadline, which could limit service to EU residents. Binance remains one of Europe’s largest crypto exchanges: together with Bitvavo, Kraken, and Coinbase, it accounts for over 85% of euro-denominated crypto trading. Unlike Binance, several rivals have already secured MiCA authorization and can use passporting across the EU. Broader MiCA compliance remains incomplete, with only about 210 of more than 1,200 pre-MiCA firms fully authorized, reflecting high compliance costs and likely consolidation.
