Thursday, August 2, 2018

Why are volumes for EUR:CRYPTO trading pairs so low?

Of the top ten EUR exchanges by volume (Bitfinex; Coinbase Pro; Bitinka; CoinsBank; Kraken; BitStamp; Exmo; Cryptonex; Bits Blockchain; xBTCe), only Kraken's EUR:CRYPTO volume is more than its USD:CRYPTO volume USD22.7m:USD21.3m. For all the rest the relative EUR:CRYPTO vs USD:CRYPTO volumes are lower than 50% (2%; 11%; 43%; 41%; 52%; 13%; 17%; 38%; 23%; 17%, respectively). The deposit processes for Coinbase Pro, CoinsBank, and Kraken are all quite reasonable. The fees for deposits and withdrawals are in line with SEPA (0.15EUR-1%). Since we know people with EURs are trading crypto, then why are the volumes so low?

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