OKX Card Usage Soars Across Europe with Record Growth
OKX Card usage has surged across Europe this summer, according to OKX, a leading global fintech company and crypto trading platform. Purchase volume increased by 280% year-over-year, while transactions rose 178%, with customers using the card for everyday spending on groceries, transport, and fuel.
The growth in everyday use of the OKX Card comes as the wider payments industry sees momentum in crypto cards, with a record $759 million in purchase volume in July. This shift is being driven not only by more spending but also by a change in what customers are spending on.
In Poland, for example, groceries, transport, and utilities now account for 31.7% of OKX Card spending, compared to 22.2% in the Netherlands, 20.4% in Germany, and 14.1% in France. Erald Ghoos, CEO of OKX Europe, said that this growth isn't just about customers spending more but also what they're spending on.
The OKX Card is designed to bridge the gap between holding digital assets and using them in everyday life, bringing earning, spending, and rewards together within the broader OKX ecosystem. Customers can fund their OKX Pay account with fiat, eligible stablecoins or crypto, giving them flexibility over the assets behind their everyday spending.