The Crypto.com Visa Card is one of the most popular crypto debit cards. Every year, the Crypto.com Research & Insights Team takes a deep dive into how our users spend their crypto, where they spend, and what they spend on.
The Crypto.com Visa Card spending index surged by 29% year-over-year.
Information and communication spending grew the strongest, by 22%.
Overseas spending came in second, spiking by 21%. This reflects increased post-pandemic consumer confidence as a rejuvenation of the markets.
However, housing and household-related expenses significantly decreased, by 18%.
Grocery remains the main spending category, accounting for 62% of volume in 2023, much higher than 36% in 2022.
Online spending continually dominated the overall expenditure, with 55% of the share.
Amazon accounts for 19% market share in online spending, followed by Booking.com (16%).
In 2023, for out-of-home consumption, entertainment (concerts, arts, exhibitions, and sports events) surged the most, with around 21% growth, followed by dining (3%); fashion, however, declined by 10%.
Crypto.com Visa Cards have registered transactions in over 200 countries and regions around the world.
Over 51% of travel spending was done in the EU.
Booking.com was still the most popular online travel booking platform for Crypto.com Visa Card users.
The average proportion of e-commerce spending grew marginally from 53% in 2022 to 55% in 2023. The growth was more significant than the decrease (-8%) in online sales split from the global sales channels. This suggests that our cards remain attractive in online shopping.
Amazon, AliExpress, and eBay were the most frequented e-commerce platforms, with 50%, 7%, and 7% market share, respectively.
