OKX Says Over 60% of Crypto Card Spend Goes to Groceries and Fuel
OKX’s 2026 report finds that Visa-network crypto cards processed over 60% of transaction volume on groceries and fuel, while luxury purchases accounted for under 5%. The report also notes support for 20 fiat currencies and rising consumer adoption of crypto for everyday expenses.
1. Crypto Card Spending Breakdown
OKX’s 2026 report highlights that more than 60% of transaction volume on its Visa-branded crypto cards was used for groceries and fuel purchases, with luxury goods making up less than 5% of total spend. This distribution underscores a shift toward everyday consumer use rather than high-end discretionary spending.
2. Implications for Payment Networks
By supporting transactions in 20 fiat currencies and processing growing volumes of daily-use payments, OKX’s crypto cards are increasingly routed through the Visa network. This trend may translate into higher transaction fees and incremental revenue for Visa as cryptocurrency payment adoption expands into mainstream retail.