The launch of euro-denominated bitcoin and ether futures contracts could accelerate the ongoing institutionalization of the crypto market because the euro, the common currency of 19 out of the 27 member states of the European Union, is the second-most-desired currency in global currency reserves, according to the World Economic Forum. Further, daily turnover in the euro-dollar pair is the highest in the global currency market, which has an average daily volume of $6.6 trillion.

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