#TradingStrategyMistakes

Crypto cards, once considered a niche innovation, now shape everyday financial choices, with the market projected to reach $152.2 billion by 2031. These cards are used for everything from online purchases to daily payments and are reportedly used by nearly one in 10 Americans, and an even higher proportion of users in Brazil, Portugal and Slovenia.

According to a Nexo European Economic Area (EEA) card report, Gen Z, millennials and high-net-worth individuals (HNWI) of any age are driving this shift. In the past year, these groups contributed to an over 72% year-over-year increase in crypto-backed borrowing via the Nexo Card, which was particularly evident in the EEA, which saw a 203.3% surge in total card transaction volume.

During the year, more than 100,000 bitcoin ( BTC) and 750,000 ethereum ( ETH) were saved from being sold by using the Nexo Card’s collateralized credit line, while weekly card transaction frequency grew by 324%.

Elitsa Taskova, chief product officer at Nexo, said the study findings show that users now increasingly view the card as an everyday financial tool.