Crypto Card Spending Surges to $1.5B, Bitcoin Reclaims $86,000
Crypto card spending has reached a new level of adoption, with a significant increase in monthly transactions. According to Artemis Analytics, crypto card spending grew from approximately $100 million in early 2023 to over $1.5 billion by late 2025. This growth represents a shift in how crypto users interact with their assets, moving from primarily investment instruments to tools for everyday consumption.
The rise of crypto card spending has forced the market to evolve beyond just offering incentives such as cashback and rewards. Phemex has launched the Phemex Card, which aims to connect crypto trading infrastructure with everyday payments. This approach focuses on providing a seamless user experience, rather than just offering financial rewards.
As the market continues to grow, users will require more transparency and clarity around fees, exchange rates, and asset conversion. Regulatory requirements also pose a challenge for global expansion. However, the trajectory of crypto card spending is clear, with consumers becoming increasingly comfortable using crypto-connected payment products.