EURO market share on centralized exchanges nearly doubles since the start of this year

The market share of fiat EURO pairs on centralized exchanges has nearly doubled relative to the dollar since the start of this year, increases from 10% in January to 18% in June.

https://preview.redd.it/nprbb1pq4y5b1.png?width=1162&format=png&auto=webp&s=028501b42e4cbe2fe00bcd6b5cffd64ecc314457

Regulatory clarity has been increasing in Europe, while the US sector is in chaos. It's hard to tell yet whether this is a long term pattern that could be explained by lower volumes in USD fiat transactions - or a longer term transition as people move to other options as USD fiat transactions become more difficult.

https://preview.redd.it/lbzxs2fj5y5b1.png?width=1120&format=png&auto=webp&s=66441f207231dd2914d655f2573472832372540a

I think this could be the start of a longer trend - if people can't buy crypto in US$, they won't give up, they'll just find other options.