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OKX highlights rapid growth of OKX Card for daily purchases across Europe
OKX announced that usage of the OKX Card for everyday spending, including dining, travel, and retail, has grown in Europe, with transaction volumes rising sharply as more users opt to pay for routine expenses such as groceries and transport using crypto-linked cards.
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OKX released information highlighting a substantial increase in the use of the OKX Card for day-to-day purchases across Europe, signaling a shift in crypto cards from a niche option to a common payment method. According to a press release, OKX Card purchase volume in Europe rose 280% year-over-year during the summer, with transaction counts increasing by 178%, particularly in everyday categories such as groceries, transport, and retail. The card enables users to fund spending through fiat, stablecoins, or other crypto, with features such as up to 10% cashback, zero currency conversion fees, and special rebates on subscriptions. Transactions are processed via Mastercard, and the card is compatible with Apple Pay and Google Pay where available. The data also indicates growing adoption for routine expenses, especially in markets like Poland, Germany, the Netherlands, and France.
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OKX is an international cryptocurrency exchange that has operated since 2017, offering trading in over 100 cryptocurrencies, various investment programs, and a proprietary educational academy. The platform supports multiple languages, provides a mobile app, and employs both cold and hot wallets for security; however, it does not support fiat trading or deposits and is not regulated. For further details, see the broker profile on Traders Union.
For more background, the previous OKX update on Traders Union detailed how OKX clarified its regulatory status and emphasized that its communications do not constitute investment advice. You can read further in the previous OKX update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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