Bitcoin.de is the biggest Bitcoin marketplace in Germany and for many years they have been the leaders in that aspect of the business in that part of the world. This marketplace has announced, just a couple of days ago, that they will be integrating Ethereum trading into their exchange platform. Considering how big Ethereum has become during the first nine months of 2017, it is no wonder that more and more digital currency trading platforms are including Ethereum into their business.
On September 27, the development team from Bitcoin.de sent out an email to their clients saying that they will be adding Ethereum trading into their trading platform. That email did not reveal the exact day when this might be happening. Instead, they said that the integration will be done in the upcoming weeks. According to an employee from Bitcoin.de, the reason why this platform decided to include Ethereum is the fact that the demand for this cryptocurrency has been growing constantly, indicating that their clients have been very interested in trading Ethereum for a long time.
Ethereum is the Most Popular Altcoin
According to the official statement from Bitcoin.de, there has not been a big demand for any other digital currency except Bitcoin. For a long time, the second most popular digital currency was Litecoin but as soon as Ethereum appeared, their clients started to request the inclusion of this digital currency as a trading effort.
In general, Europe has been lagging behind Japan, South Korea, and the United States when it comes to Bitcoin trading. Bitcoin trading has not been able to get traction in Europe even though the European Union has very friendly regulations and legal solutions for this kind of a business. According to CryptoCompare, the European Union digital currency market is the fourth largest in the world and the market share percentage of this region in the global digital currency market is only five percent.
China’s ban on Bitcoin and all other digital currencies has increased the percentage of European share. Even though UK, Germany, and France have a well-developed digital currency market or rather the infrastructure for that market, they were not able to fight their way into the global scene. However, with the recent announcement from Bitcoin.de and with the inclusion of other digital currencies into their trading platforms, it is expected that the share of European Union will increase in the upcoming period.
Bright Future for Bitcoin in Europe
One of the biggest encouraging moments for digital currency market in the European Union came not that long ago. The President of the European Central Bank, Mario Draghi, has said that Bitcoin and other digital currencies cannot be prohibited or even regulated. He also said that they, as an institution, will not be trying to implement any regulations for this market as long as these digital currencies are not used for any illegal activities. If Europe manages to accomplish all the plans that have been revealed in the last couple of months that involve digital currencies, the European share will increase significantly which will affect other participants in the market as well.
