Crypto cards are outpacing traditional banks in Europe for small-value purchases, with 45% of crypto-linked card transactions falling under 10 euros ($11.70) — a space long dominated by cash.
A new report from CEX.IO, highlights that crypto card users are adopting spending habits similar to those of traditional bank cardholders, but with a faster shift toward online payments.
The report also reveals a 15% increase in newly issued CEX.IO crypto cards across Europe in 2025, reflecting a growing interest among Europeans in using digital assets for everyday spending.
While European Central Bank data shows that 21% of card payments in the euro area occur online, CEX.IO users are already conducting 40% of their transactions digitally — nearly double the regional average.
Crypto cards gain traction for everyday purchases
Spending trends indicate that crypto cardholders are increasingly using their cards for everyday purchases. CEX.IO data shows that groceries account for 59% of crypto card transactions, closely aligning with the European Central Bank’s 54% benchmark. Dining and bar expenses make up 19% — exceeding the average for in-person food and beverage spending.
Interestingly, the average crypto card transaction is 23.7 euros ($27.80), noticeably lower than the 33.6 euros ($39) average for traditional bank cards, according to Mastercard data from Q1 2025.
“What we’re witnessing in Europe is more than just a trial run with new technology — crypto card users are offering a glimpse into what everyday spending could look like in a fully cashless future,” said Alexandr Kerya, Vice President of Product Management at CEX.IO.
He noted that average card payment volume has jumped 24% in the past month alone, signaling strong and growing momentum behind the trend.
The report also highlights that stablecoins are driving 73% of all transactions, while other leading cryptocurrencies such as Bitcoin, Ether, Litecoin, and Solana are being actively used for routine expenses like groceries, dining, and transportation.
The trend extends beyond CEX.IO, with other providers reporting similar patterns. Oobit has observed strong spending on everyday essentials among its European users, while Crypto.com has seen consistently high volumes in online shopping transactions.
Barclays to ban crypto purchases made with credit cards
Despite the growing popularity of crypto cards, Barclays has announced it will prohibit cryptocurrency transactions on its Barclaycard credit cards. The decision stems from concerns about customers potentially accumulating unmanageable debt due to the high volatility of crypto markets and the absence of robust investor safeguards.
The bank emphasized that crypto asset purchases offer no protection through the Financial Ombudsman Service or the Financial Services Compensation Scheme, leaving consumers vulnerable if issues arise.
