PANews reported on January 5th that, according to a recent report by Dune Analytics, spending via Visa-supported cryptocurrency cards surged in the past year, reflecting the increasing acceptance of on-chain payment solutions. Data shows that on-chain payments via cryptocurrency cards grew by 525% year-on-year in 2025. Total cryptocurrency spending via Visa-issued cryptocurrency cards climbed from $14.6 million in January 2025 to $91.3 million by the end of the year.
This growth is reflected on the six major platforms supporting Visa-issued cryptocurrency cards: GnosisPay, EtherFi Cash, Cypher, Avici Money, ExaApp, and Moonwell. EtherFi Cash and Cypher accounted for the largest share of transaction volume, reaching $55.35 million and $20.52 million respectively. EtherFi Cash saw the strongest growth, surging from $312,130 in early January to become the largest contributor to transactions by December. Total spending across all issued cryptocurrency cards increased from $17.2 million at the beginning of 2025 to $105.5 million in December. During this period, Visa maintained and expanded its dominance, with its market share rising from 84.9% to 86.9%.



BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more