2026-01-15 18:50:32

The market size of Crypto Cards is expanding rapidly. According to Artemis research data, the monthly trading volume of these products has skyrocketed from $100 million to over $1.5 billion, translating to an annualized trading volume of approximately $18 billion — this scale is already close to the size of P2P transactions in stablecoins.

More interesting is the issue of market concentration. Visa accounts for over 90% of the transaction volume on the Crypto Cards chain, but this highly concentrated pattern is being broken by full-stack card issuers. These new entrants are redefining the entire payment stack architecture, reconstructing everything from card issuance, clearing, to settlement, which is impacting the existing payment ecosystem.

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TradFiRefugee

· 01-18 01:29

18 billion annualized? That data is a bit questionable. Visa's 90% market share is also about to be lost.

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HorizonHunter

· 01-17 22:32

How long can Visa's 90% market share last... It really feels like new players are coming to shake things up.

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Anon32942

· 01-17 19:06

$1.5 billion monthly trading volume? Visa's 90% share will eventually disperse, and full-stack card issuers have already been poaching talent.

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MEVHunterZhang

· 01-16 03:56

18 billion annualized? Visa still stubbornly holds onto 90%, this time they're really going to be overwhelmed.

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SelfCustodyIssues

· 01-15 19:19

A monthly trading volume of 1.5 billion USD? That's a bit outrageous, Visa has been almost completely eroded.

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ConsensusDissenter

· 01-15 19:18

Damn, 1.5 billion in monthly trading volume. Visa's 90% market share will eventually be eaten up.

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ForumLurker

· 01-15 19:15

1.5 billion monthly transaction volume? Wow, this growth rate is incredible. Even Visa's 90% monopoly should be broken. Visa is about to be disrupted, and this is true decentralized payment. This wave of full-stack card issuance feels like the traditional payment system is about to be reshaped. 180 billion annualized? Comparable to stablecoin P2P. The payment track is about to take off. Visa has been resting for so many years, and finally someone is here to shake things up.

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LightningAllInHero

· 01-15 19:11

18 billion annualized? Damn, that's a pretty crazy growth rate, but Visa still controls 90%, which is really outrageous.

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ProofOfNothing

· 01-15 18:53

The scale of 18 billion is indeed a bit shocking, but how can Visa's 90% market share still be so stable... It really is too big to fail.

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AirdropHermit

· 01-15 18:53

$18 billion annual trading volume sounds impressive, but the phenomenon of Visa monopolizing 90%... Isn't that just the old tricks of traditional finance? Visa is about to be disrupted. Full-stack card issuers are really making moves. We might see a new pattern in the next cycle. An average monthly surge to $1.5 billion is incredible, but it still doesn't feel fully decentralized. Payments still rely on these big institutions.

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