Crypto Card Transaction Volume Nears $10 Billion Amid 323% Annual Growth

Crypto card usage has surged dramatically, with cumulative transaction volume reaching $9.898 billion as of June 17—a 323% increase from $2.34 billion a year ago. The sector is poised to breach the $10 billion milestone, buoyed by a record monthly volume of $866.1 million in May.

RedotPay remains the market leader with 61% share, though its dominance has eroded from 93% last year. KAST and EtherFi have emerged as significant competitors, capturing 15% and 11% of the market respectively. This shift signals a maturing landscape where no single player holds overwhelming control.

The growth comes despite broader crypto market weakness, underscoring real-world adoption of digital assets for payments. RedotPay's model—enabling direct crypto spending via cards—continues to drive sector innovation as rivals gain traction.