Phemex Pushes Crypto Card as Trading Infrastructure, Not Rewards Perk
Phemex has launched a crypto card that its CEO says should operate more like trading infrastructure than a rewards product. Artemis Analytics data shows monthly crypto card transaction volume climbed from about $100 million in early 2023 to more than $1.5 billion by late 2025.
Phemex has introduced a cryptocurrency card, and its chief executive describes the product as closer to operational plumbing for trading than to a customer incentive. That positioning places the card within the company’s trading operations rather than treating it as a loyalty perk.
Artemis Analytics data shows the monthly volume of card transactions involving crypto rising from roughly $100 million in early 2023 to more than $1.5 billion by late 2025. The launch arrives as that category’s activity has expanded.
The move could affect crypto traders and card users by making digital-asset spending feel more integrated with trading accounts, potentially changing how they manage funds. It may also draw attention from payment providers and regulators as crypto-linked cards grow. Broader adoption could influence financial inclusion or risk exposure, depending on safeguards, but outcomes remain uncertain.