Executive Summary

• The Crypto.com Visa Card is one of the most popular cryptocurrency cards. Every year, the Crypto.com Research & Insights team takes a deep dive into how and where our users spend their crypto.
• The Crypto.com card spending index rallied by 4% year-over-year.
• • Clothing & Footwear saw the highest surge, with 68% year-over-year growth. Housing & Household Goods and Transport grew by 59% and 20%, respectively.
  • Recreation expenses dropped by 60%.
• Although Grocery remains the largest spending category, its spending share dropped by 1.7% in 2025, the largest decline among main categories.
• Among out-of-home consumption categories, Grocery led volume growth by around 9.4%, while Entertainment (concerts, arts, exhibitions, and sports events) dropped slightly by 0.6%.
• Crypto.com cards have registered transactions in over 200 countries and regions around the world.
• • Approximately 70% of offline travel spending occurred in Europe.
  • Booking.com was the most popular online travel booking platform for Crypto.com card users, followed by Airbnb.
• Online spending accounted for 51% of volume in 2025, its lowest level since tracking began.
• • Among identified merchants, Amazon continued to lead e-commerce spending, accounting for 18% of total volume. Travel platforms were also in the spotlight, accounting for over 15% of online spending.

1. Headline Findings and Key Trends

1.1 Headline Findings

In 2025, nations worldwide began to see the benefits of their efforts to combat inflation. Major central banks lowered interest rates, and the global economy has generally remained resilient despite ongoing regional geopolitical tensions. The Crypto.com Visa Card saw a notable increase in total spending for the year compared to 2024. Significant changes were observed in the following categories:

1.2 Key Trends

The Organisation for Economic Co-operation and Development (OECD) consumer confidence index (CCI) saw an overall downward trend in 2025. It declined sharply from January to April, despite a recovery in the following months. The Crypto.com card spending index displayed stronger momentum than the CCI, with notable 4% year-over-year growth.

This demonstrates that crypto users' spending confidence was stronger than the average, driven by robust crypto adoption, the development of real-world asset (RWA) tokenization, and pro-crypto policies in the U.S. and other regions.

Although BTC’s performance saw a downward trend in 2025, Crypto.com card user spending showed sustained growth. Data reveals a strong positive correlation (0.82) between the Crypto.com Card Spending Index and BTC's price from Q1 to Q3, a trend that reversed to a negative correlation in Q4.

Overall, Grocery remains the largest spending category, representing approximately 62% of total transaction volume in 2025. However, this category’s spending share also saw the most significant decline among all main categories, dropping by 1.7% compared to 2024.

Among out-of-home (offline) consumption categories in 2025, Grocery saw the highest growth at approximately 9.4%, followed by Dining at 5.8%. Entertainment slightly declined by 0.6%.

2. Travel and Cross-Border Spending

Crypto.com Visa Cards have been used in over 200 countries and regions around the world. In travel spending, Shopping was the dominant category, accounting for 22% of total transactions. Entertainment followed, making up about 16% of total transaction volume — representing the highest surge among travel categories. Notably, the spending shares for Accommodation and Food & Beverage dropped sharply, falling from 14.6% to 7.5% and 29.1% to 13.4%, respectively. Approximately 70% of offline travel transaction volume occurred in Europe.

Spending on online travel booking platforms maintained steady growth. Booking.com dominated the market with a 31% share of online spending in this segment, followed by Airbnb at 26%. Trip.com expanded its market share by 5% to reach approximately 9%.

3. E-Commerce

In 2025, the average proportion of e-commerce spending dropped to 51%, the lowest since tracking began. This shift suggests that Crypto.com cards are being used extensively for both for online and offline transactions.

In 2025, the categories and brands within the online spending landscape diversified. Among popular e-commerce platforms, Amazon led the way, accounting for 18% of the market share  — a decrease from 22% in 2024. Uber (Ride and Eats) followed as the second-most popular platform, capturing 14% of the market share. Notably, online travel platforms were in the spotlight, as Booking.com and Airbnb collectively represented 15% of the market share.

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Authors

Crypto.com Research and Insights team

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