TREE NEWS update: Crypto Cards cumulative transaction volume surpassed $10B, with July 2026 monthly volume exceeding $1B and over 10 million transactions. The market is concentrated, with RedotPay holding ~56% share. Gate Card now supports payments from multiple Gate accounts, offering tiered cashback up to 8%.
Crypto Cards Monthly Volume Exceeds $1B; Gate Card Links Multi-Account Payments
AI take
The $1B monthly volume marks a maturity milestone for crypto cards, but RedotPay's 56% share signals a winner-take-most dynamic that could shape issuer economics and user choice. Gate Card's multi-account payment feature is a tactical response to deepen wallet stickiness, suggesting competition is shifting from acquisition to engagement. The open question is whether concentration deters new entrants or forces niche differentiation, and whether fee structures—like the 8% tiered cashback—can sustain without eroding margins as volumes scale.
Generated by AI for reference only.
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