There's European action but for whatever reason Bitstamp, the biggest EU exchange, chooses to do the majority of its business in dollars. Kraken's the only really big EUR market and that's American. I assume they chose it for ease of banking. Kraken's hopeless so their volume must be falling.

All the other EUR pairings on big exchanges seem to be microscopic. You'd think BTC-e's would've been huge but it was dwarfed by their USD business.

People will go where the volume is so if it isn't EUR then they'll convert even if they are in the EU.

Outside of Kraken the biggest EUR markets would probably be Bitcoin.de and maybe bitcoinic. Neither of them are exchanges so they won't show up.

And there's no GBP exchange with decent banking. GBP has to be wired to Europe.

Probably because they have so many other asset classes to look into and awareness.
Not everyone knows exactly what this is

I don't think this graph is showing a true pic, that I feel, cause most of the times, we trade only in dollars rather other currencies, even i was at a believe, that it could be traded only in usd before. I was informed later on even other currencies were good but then 100% of trades are often done using usd. So I feel even if people are trading in euro, they may be doing it in usd so that graphics is wrong.

Just like China used to be, much of Japanese volume is zero fee so it's basically completely meaningless. It could be the same coin being sold and bought one million times per day.

Chinese volume looked similarly huge when it was zero fee. When it switched to fees it looked pathetic and about the same as other backwaters.

This is possible that due to bitcoin becoming very high cost and transaction time and fees is also high due to which people might be switching to other cypto currency and may have manifold returns in coming time so people might be investing such coins rather than buying btc.

the real reason is simple.. UK Euro wire transfers are instant and free.. bitcoin isnt
so the features of bitcoin as a payment method didnt excite people because they could move money without bitcoin, easier than with bitcoin

now people only think of bitcoin for investment purposes, not payment/remit purposes

It is a wrong need bitcoin is not widely used by Westerners. You please the moderators most of the investors and whales in bitcoims are them only. Asian and others are countable when compare with them.
Cost in fees and in asset sense bitcoin is only best any payment mode dude.

Europe in general has been slower in adopting new technologies compared to US and Asia. Europe will follow, but don't expect it to be a front-runner. European people in general are risk averse, but time will overcome this and make the Europeans also understand the benefits of Bitcoin

I think Europe is gearing positively towards Bitcoin legality. However, each countries  have different views and actions on cryptocuurency. They are lacking united decisions on Bitcoin legalith, though majority of these countries have widely accepted Bitcoin as a currency.

Here is the link: https://atozforex.com/news/top-countries-where-bitcoin-is-legal/