Three of the 25 Largest Coins Have No Euro Pair: How to Check Your Buying Route Before the Order

Of the 25 largest cryptocurrencies, on September 22, 2026 there are three you cannot buy directly against euros at any of the five trading venues we checked, and four more at exactly one. Anyone chasing a riser during the current rally therefore runs into a wall at a point that appears nowhere in the price rankings: the coin sits at number nine or number fourteen, but your euro cannot reach it.

cryptoticker.io compiled this analysis itself on September 22, 2026. What it means for your next order, which detours exist and what they cost is set out in this article.

What We Measured on September 22, 2026: Method, Sample and Limits

The method in one sentence: on September 22, 2026, between 09:48 and 09:52 UTC, we pulled the public trading pair directories of five trading venues active in the EU and checked, for each of the 25 largest cryptocurrencies, whether an active pair against the euro exists there.

We checked 25 coins against 5 trading venues, so 125 individual checks. The ranking of the 25 largest coins comes from CoinGecko's public market overview, retrieved on September 22, 2026 at 09:48 UTC. As trading venues we took Kraken, Bitvavo, Coinbase, Bitstamp and Bitpanda, because all five serve German customers and settle in euros.

A coin only counts as tradable if the directory lists a pair with the euro as the counter currency and that pair is flagged as active. A coin you can only buy against US dollars, against Tether or against bitcoin does not count as tradable in this analysis. That distinction is precisely the point, because it reflects what the euro in your bank account can reach without you swapping first.

What we could not check

Three gaps come with this, and we would rather name them ourselves. First, neobrokers such as Trade Republic, Scalable Capital or Bison have no public directory of their tradable assets that can be retrieved automatically; they are therefore missing from the sample, even though many investors in Germany buy precisely there. Second, at Coinbase we queried the public directory of the trading platform, not the offering in the retail app: in the app a purchase can run through an intermediate currency that does not appear in the order book directory. Third, Bitpanda's price directory lists precious metals and other assets alongside cryptocurrencies, which is why we only looked up the 25 coins on our list individually there and did not form an overall figure.

All the numbers in this article refer to this one retrieval moment. Trading venues add pairs and drop them again continuously; a finding from this morning may be out of date in two weeks.

The Result: Three of the 25 Largest Coins Have a Euro Pair at No Venue at All

Twelve of the 25 coins are available against euros at all five trading venues. They are the names you would expect: bitcoin, ethereum, XRP, Solana, Dogecoin, Cardano, Chainlink, Stellar, Uniswap, Bitcoin Cash, Avalanche and the stablecoin USDC. At the other end stands a group that ranks high in the table and barely features in euro trading at all.

Euro trading venues in the sample	Coins
5 of 5	Bitcoin, Ethereum, XRP, USDC, Solana, Dogecoin, Chainlink, Cardano, Stellar, Uniswap, Bitcoin Cash, Avalanche
4 of 5	Tether, BNB, TRON, Hyperliquid, NEAR Protocol
2 of 5	Zcash
1 of 5	Monero, WhiteBIT Coin, USDS, Ethena USDe
0 of 5	Figure Heloc, Rain, LEO Token

Seven of the 25 largest coins therefore have at most a single euro trading venue in this sample. Figure Heloc at number ten, Rain at number sixteen and LEO Token at number nineteen have none at all. For an investor in Germany, that means the purchase is not impossible, but it runs via a detour, and every detour has a price.

How the individual venues compare

Across the top 25, Kraken lists 22 coins with a euro pair, Bitpanda 18, Bitstamp 17, Bitvavo 16 and Coinbase 13. The spread between the broadest and the narrowest offering is thus nine coins, and it does not run along the lines of how well known the providers are.

Zcash, Monero and WhiteBIT Coin: Why It Is the Rally's Risers That Are Missing

Zcash sits at number nine on the survey date at $1,504, up 31.5 percent over the week (CoinGecko, September 22, 2026, 09:48 UTC). A coin of that size would normally be available everywhere. In our sample, two of five trading venues list it against euros.

Monero, at number thirteen, stands at $569.75 and has exactly one euro trading venue. Both are so-called privacy coins, cryptocurrencies whose protocol obscures the sender, the recipient or the amount of a transfer. The connection to the trading offering is no coincidence, and there is more on that shortly in the section on anti-money-laundering law. How the situation for Zcash is developing in concrete terms we set out in our article on buying Zcash despite the EU trading ban.

WhiteBIT Coin sits at number fourteen at $86.50 and likewise has only one euro trading venue in the sample. Here the explanation is a different one: WBT is a trading platform's own token, and such tokens are rarely quoted widely outside their own platform. The same pattern shows in LEO Token at number nineteen, which has no euro pair at any of the five venues checked.

Hyperliquid is the counter-example and shows that a young riser can indeed arrive: HYPE sits at number eleven and has four of the five euro trading venues. Anyone wanting to buy there should nonetheless know what applies at a trading venue without European authorisation; we described that in our piece on how Hyperliquid can be used from Germany.

Euro Pair, Quoting and the Broker Model: What Tradable Means Technically

A euro pair is an order book in which buyers and sellers of a cryptocurrency place their bids directly in euros. If it is missing, that does not automatically mean you cannot get the coin at that provider. It means your euro has to be turned into something else first.

There are two designs here that you should keep apart. A trading platform with an order book matches you against other customers; the price arises from their bids, and you see bid and ask separately. A broker, by contrast, quotes you a price itself and earns on the spread in between. Broker models often list a great many assets, because they do not need an order book per asset, only a source for the price.

For you that has one practical consequence. At a broker you will find more exotic names more often, but you pay a spread that you rarely see itemised. On a trading platform with a thin order book, by contrast, the mark-up is visible, sitting right in front of you as the gap between the bids. Which design your provider uses is set out in its fee overview; we have put the common models side by side in our crypto exchange comparison.

Coinbase Lists Only 13 of the Top 25 With a Euro Order Book: What That Means for Your Order

The most striking single finding of our survey concerns Coinbase. On September 22, 2026, the trading platform's public directory held exactly 33 base assets with an active euro order book, and 13 of them belong to the 25 largest coins. At Kraken, the same directory query returned 499 base assets with a euro pair, at Bitvavo 426 and at Bitstamp 111.

That figure needs explaining, and we do not want to make it bigger than it is. The number describes the order book offering of the trading platform, which is aimed above all at professional users. In the retail app the same provider can offer more coins, by having the purchase run internally through an intermediate currency. What is incurred in conversion along the way is usually not itemised separately for you as a retail client, and that is exactly why it is worth a look at the order book before you move a larger sum.

The action that follows is simple: look up the coin you want to buy in your preferred provider's directory before you open an account, and check whether the euro really is listed there as the counter currency. At many providers you will find this list on a public price page, for instance in Kraken's price overview.

The Detour via USDT or USDC: Fee, Spread and an Extra Taxable Event

If no euro pair exists, the usual route is a two-stage purchase. You first buy a stablecoin, a cryptocurrency whose price is pegged to a currency such as the US dollar, and then swap it into the coin you actually want. Technically that works reliably. It becomes expensive in three places at once.

What the detour costs

First, you pay a trading fee twice instead of once, because one order becomes two. Second, you pay the gap between the bid and the ask twice, and in the second step often in a thinner market. Third, the exchange rate shifts between the two steps if the stablecoin is pegged to the dollar and you started in euros. You bear that exchange rate movement without ever seeing it as a line item on a statement.

The fourth point is a tax one and is the most frequently overlooked. In Germany, swapping one cryptocurrency for another counts as a disposal of the first. The intermediate step via a stablecoin is therefore a taxable event in its own right that needs documenting, even if hardly any gain arises in arithmetic terms. We dealt with this point in more detail on May 25, 2026 in our article on stablecoins and tax; for day-to-day record keeping, one of the tools from our overview of crypto tax tools helps.

MiCA Authorisation and Anti-Money-Laundering Law: Why a Coin Disappears From Euro Trading

That it is privacy coins of all things that are thinly represented in euro trading has a legal background. Providers offering crypto asset services in the EU have needed authorisation under the European regulation on markets in crypto assets, MiCA for short, since the end of 2024. Which activities fall under it and who supervises them is described by BaFin on its page on crypto asset services.

With the authorisation come obligations to make transfers traceable. With a cryptocurrency whose protocol obscures amounts or addresses, those obligations are hard to meet, and several providers have therefore removed the affected pairs from their European offering. What else follows from MiCA authorisation we set out in our overview of the MiCA obligations for crypto companies.

The distinction between trading and holding matters here. The fact that a coin is no longer tradable against euros at one provider forbids you neither from holding it nor from selling it elsewhere. It narrows the route, and it narrows it more for the future than for today.

Checking Liquidity and Spread: How to Spot a Thin Euro Market

Having a euro pair is one question, having a usable euro pair is another. Liquidity here means a market's ability to absorb an order without the price running away noticeably. There are three signs you can read yourself before buying.

First, look at the gap between the highest bid and the lowest offer, the spread. If it is well above half a percent for a large coin, the market is thin. Second, look at the depth of the order book, that is how much volume sits in the next price levels; if your planned order size clears several levels at once, you pay a mark-up that appears in no fee table. Third, check the turnover of the past 24 hours specifically in the euro pair and not in the dollar pair of the same coin, because the two can differ widely.

As a practical cross-check, a small test order helps before you move the actual sum. If the executed price deviates noticeably from the one displayed, you have your answer. Providers with European authorisation and a euro account we have compiled in our overview of regulated crypto exchanges.

Delisting Risk: What Happens if Your Venue Drops the Euro Pair

A coin with only one euro trading venue has no cushion. If that single provider drops the pair, nothing is left for you in euros, and in our sample that affects Monero, WhiteBIT Coin, USDS and Ethena USDe. A delisting, that is the removal of a trading pair, usually follows a fixed pattern: the provider announces it, halts trading on a cut-off date and then sets a deadline by which you can still withdraw your balance.

That second deadline is the more important one, and it is missed regularly. What happens technically in the process and which routes remain to you after trading stops we described in our article on what happens to your tokens in a delisting.

The precaution against it is unspectacular. If you hold a coin that hangs on a single euro pair in Europe, set up that provider's notifications and check in advance whether you could withdraw the coin to your own wallet. Both cost you ten minutes once and spare you, in an emergency, a deadline you only learn about afterwards.

Four Metrics Before the Order: The Short Version

Before you chase a name in a rally that has just appeared in the top 25, four checks are worth it. First: does your provider offer a pair against euros at all, or only against dollars and stablecoins? Second: how many providers list this euro pair, and what happens if one of them steps out? Third: how wide is the spread in precisely that pair at the time of day when you want to trade? And fourth: does your purchase run via an intermediate swap that you have to record for tax purposes?

None of these questions is hard to answer. All four are readily skipped, because the price is running and opening an account is quicker than checking.

Checking Your Buying Route: What to Take Away

1. Look the coin up before you open an account. Check in your preferred provider's public price directory whether a euro pair really is listed there. If the provider does not suit your selection, you will find alternatives with a euro account in our crypto exchange comparison.
2. Count how many euro pairs your coin hangs on. With a single trading venue, a fallback plan belongs in place before you buy, not after. Which providers are authorised in Europe and settle in euros is set out in our overview of regulated crypto exchanges.
3. Record the intermediate swap from the start. If your purchase runs via a stablecoin, log both steps with date, quantity and price. A tool from our overview of crypto tax tools takes that off your hands, as long as you set it up before the first swap.

(As of September 22, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)