Added the main German bitcoin market Bitcoin.de, The currency of Ethereum to be traded through its services. where the development team revealed behind the platform Bitcoin.de Through e-mail to users that trading Ethereum currency will become possible in the coming weeks.
As was announced in an interview with (BitcoinBlog.de) Bitcoin.de announced that this service was launched due to the increasing demand for alternative digital currency.
“At first, there was no strong demand from users for digital treaties regardless of Bitcoin. For a long time, the second largest electronic currency after the Bitcoin was the Litecoin, before the release of the currency of the Ethereum. appeared, the demand for alternative digital currencies increased overall.”
Europe ranked fourth after the United States, Japan, and South Korea in terms of volume:-
Despite the friendly regulatory frameworks and policies of the companies of the Bitcoin and investors, Europe's ranking in terms of digital currency development and trading volume falls after the United States, Japan, and South Korea.
According to the Bitcoin data provider of the Crypto Compare market, the European Bitcoin exchange market is the fourth largest market in the world with a shareholding of 5% of the total market shares.
Prior to the nationwide ban on the Chinese government's Bitcoin exchange platforms, the European Bitcoin trading market accounted for 2 to 3 percent of the Bitcoin global dealings.
However, in the last regulation stage, which represents the level of market restructuring, Europe exceeded China in volume by 3 percent.
On the other hand, countries and nations in Europe are home to some of the most innovative and innovative financial technology companies as well as emerging companies. However, there is still a struggle to deal with the European markets of Bitcoin and the Blockchain, compared to Japan or South Korea. But in the coming months, after the integration of Ethereum and other digital currencies apart from the Bitcoin, it is very likely that Europe will enter the main Bitcoin market and Ethereum as well.
The third largest market in Ethereum:-
Currently, Europe is the third largest Ethereum market in terms of volume, accounting for more than 7.5 percent of global Ethereum deals.
As regional trading platforms and investment markets such as Bitcoin.de have integrated the Ethereum and show support for other digital currencies, we are likely to see a significant improvement in Europe in terms of adoption and regulations.
“ECB President Mario Draghi said that digital currencies such as Bitcoin or others could not be regulated.”
If the European market supports this mentality towards Bitcoin and focuses on creating a strong and efficient exchange for users and investors rather than disrupting the growth of this global market, Europe will be able to emerge as a major market for digital currencies such as Ethereum.