Crypto Cards Go Mainstream, Market Projected to Reach $152B by 2031

Key Points

1. The crypto card market is expected to grow to $152.2 billion by 2031, with significant adoption in the U.S., Brazil, Portugal, and Slovenia.

2. Gen Z, millennials, and high-net-worth individuals are the primary drivers of this trend, contributing to a 72% year-over-year increase in crypto-backed borrowing via the Nexo Card.

3. Over 100,000 BTC and 750,000 ETH were saved from being sold by using the Nexo Card’s collateralized credit line, with weekly transaction frequency growing by 324%.

4. Gen Z accounts for 37.7% of users who view crypto cards as a 'digital native extension of their lives,' while millennials make up 30%, and Gen X and baby boomers collectively account for 32%.

5. 65% of Nexo Card’s debit transactions in 2024 were made using stablecoins, indicating their role as 'everyday money of the internet.'