The crypto card sector has ballooned to more than 250 competing projects and companies, according to data compiled by analyst 0xVishnya, spanning everything from exchange-issued cards to crypto-native neobanks. The category now includes cards from major exchanges like Binance and Bybit, which process transactions off-chain, alongside newer neobank entrants such as Ether.fi, KAST and Plasma that build more of their product directly around on-chain assets.
The differentiation between entrants is becoming a defining feature of the sector. Ether.fi's card lets users borrow against a staked ETH position rather than liquidating it at the point of sale, KAST has positioned itself as a stablecoin-native option with broad multi-chain USDC and USDT funding support, and Plasma One has marketed cashback rewards of up to 10%, though the effective rate depends on the performance of its native XPL token.
Volume Growth Is Outpacing Project Count
The expansion in the number of competing projects has coincided with a sharp rise in actual spending volume moving through crypto cards. Recent data shows the category processed roughly $607 million in monthly volume as of March 2026, up from $187 million a year earlier and around $100 million eighteen months before that — a trajectory that suggests real usage is beginning to catch up with the flood of new products entering the space.
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A Crowded Field With Room to Consolidate
With more than 250 projects now chasing a market still measured in the hundreds of millions of dollars a month rather than billions, the sector looks set for consolidation as thinly differentiated products struggle to build sustainable user bases against better-funded or more distinctive competitors. For now, the split between CEX-issued cards optimized for simplicity and neobank-style products built around staking, multi-chain support or token-based rewards gives users meaningfully different reasons to choose one over another — but as adoption scales, only a fraction of the current field is likely to still be standing.
