Phemex Card Seeks to Revolutionize Crypto Spending with New Payment Strategy

Crypto card spending has grown significantly in recent years, reaching over $1.5 billion per month by late 2025, according to Artemis Analytics.

This represents a substantial increase from the early 2023 figure of around $100 million per month.

The growth in crypto card spending reflects changing consumer behavior, with users increasingly using digital assets for everyday purchases rather than solely as investment instruments.

Phemex has launched its new Phemex Card payment strategy, which aims to connect crypto trading infrastructure with everyday payments, reducing the friction associated with using digital assets outside of exchanges and wallets.