EUR market: why is it so unpopular among Europeans?

[ausbit]

Is just an issue of popularity. I don't think the Euro don't prefer to trade EU pair but I think they would like to put a trade where they choose and not for any dislike for EU.

Well, people look at the ease they are at when they demand different currencies.
For example, a tourist from Germany is moving to US to spend holidays, he would have to need dollar in exchange for euros for euros are not being accepted in the shops in US. The liquidity maters a lot.

This is the reason people do that. They demand dollar more than they demand euro but it does not makes euro a bad currency and it is not disliked.

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[Renaldi blackspadeteam]

maybe the dollar is more famous than the euro, I see the crypto trade financial system using dollar money as the main price indicator, I don't know why the dollar is highly prioritized in the financial system, but I feel strange, because the price of euros is more expensive than dollar .

[justspare]

I think it is about volume, I mean after something is so settled that its hard to break you just go with it and the first thing settled was dollar not EUR so we didn't really cared about it, after all we all have banks that can turn dollars into euro as well so there is no bothering for us, just withdraw it as dollar and change it to euro whenever you want.

Or even keep it at dollar if you want. So all in all if the volume was there for euro pairs and if there was a lot of pairs like maybe usdt but for eurot or whatever on binance with bunch of coins and high volume I would totally use it, would make things easier but without that its just something with low volume, kinda like a bad token or bad coin that you want to sell and get out of.

If one day CoinBase starts an office and a euro deal and do their famous fake volume thing maybe we will go take a look.

[fasdorcas]

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.
 
Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

I'd bet your national currency might be Dollars. It goes convenient for us to use the fiat currency which is out national currency but if you ask any European, i think he/she will surely like trading with Euros rather than Dollars. Dollars are usually been seen in most currency trades but even Euros have the liquidity and ability of fast transactions.

But, considering into the cryptocurrency world, most what would be preferred would be dollars because it is easy to use, used everywhere and can be traded for almost anything. I won't agree with you that the euros are fake Dollar as every currency has got its importance.

[mindrust]

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.
 
Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

I'd bet your national currency might be Dollars. It goes convenient for us to use the fiat currency which is out national currency but if you ask any European, i think he/she will surely like trading with Euros rather than Dollars. Dollars are usually been seen in most currency trades but even Euros have the liquidity and ability of fast transactions.

But, considering into the cryptocurrency world, most what would be preferred would be dollars because it is easy to use, used everywhere and can be traded for almost anything. I won't agree with you that the euros are fake Dollar as every currency has got its importance.

Nope but close.

My national currency is Turkish Lira and I hodl none. (I am not crazy enough to hodl a currency which is being inflated by %30-40 every year while giving %20 interest only.)

My base currency is USD right now. (%65-70)

My reasoning is simple. The most important one is, USD just has a higher interest rate than the EURO. I use my EURO's (which I hodl only%9-10) only to get more Dollars by trading. While my stash stays in my bank account, it makes me money passively.

If EURO was giving me more interest, I would gladly convert my stash to EURO. They aren't much different otherwise.

[futile-resistance]

maybe the dollar is more famous than the euro, I see the crypto trade financial system using dollar money as the main price indicator, I don't know why the dollar is highly prioritized in the financial system, but I feel strange, because the price of euros is more expensive than dollar .

Price of each nationalized currency depends upon the economy of the specific country. Euros has a bit higher price than dollars perhaps because of the centralized stock markets ruling over the centralized currencies.

Dollars make it easy of convenient trades and also dollars are been used in most of the online activities including major transactions. Whereas we can only use euros online at any specific local site which might be accepting euros. Dollars are turning dominant all over the other currencies and that's why even the decentralized markets have accepted dollars as a major mean of pair along with each major crypto-coin.

[pixie85]

I trade on the EUR markets and have all my tickers set to EUR. I don't have a USD account and bank fees would kill me if I had to exchange every time I move some money to and from my account. USD markets are easier to follow because most people use this currency to measure the price.

These markets are always going to be bigger because no Americans will trade EUR but some Europeans will trade USD because of its popularity.

[Sithara007]

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.
 
Why the don't you, Europeans, trade in /EUR markets?

Check the historical exchange rates of Euro and you will get that answer. During the past 2-3 years, the exchange rates have been quite volatile (partly due to issues such as Brexit and upcoming elections). On top of that, the majority of the exchanges are based in the US/East Asia and not within the European Union.

[Xenrise]

The future of Dollar is indeed in threat but neither EURO nor Francs will take the Dollar's spot.

If USD goes down, it will bring every other FIAT down with it.

That's why I said Dollar is the original paper money.

It is too big to fail and if it fails, it will take down the others too.

Indeed the power of dollar is too great. It is I think the most superior currency all around the globe. That's why when China tried to replace it with a currency of their own. The US didn't like that idea, it will bring them down. Anyway that was just a story of my college professor. I just don't care about economy at all. I don't know if that's true or not.

Regarding to EUR market. I guess that USD is just so powerful even most exchange in cryptocurrency is basing on that currency. And dollars are just the most use currency that's why.