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Top 10 Crypto Cards by Volume โ August Breakdown ๐ณ๐
August saw ~$735M in total card spend across the top 10 crypto cards.
But hereโs the kicker ๐
RedotPay alone raked in $390M โ thatโs more than every other card on the list combined. ๐ฆ๐ฅ
But while the leader sits comfortably, the chasing pack is speeding up ๐:
ยท KAST โ๏ธ +16.1%
ยท Wirex One ๐ +37.7%
ยท Plasma One โก +30.7%
ยท Kolo ๐ +13.2%
RedotPay grew just 2.3% this month โ coasting while the rest are compounding fast.
The race for second is heating up too ๐ฅ โ EtherFi and KAST are now separated by less than $4M**, both hovering around the **$100M mark. A real nail-biter! ๐ฅ
Not everyoneโs winning though.
Karta took a -25.6% dip to $42.6M โ the only major decline this month, and steep enough to signal more than just a slow cycle. ๐
Now, letโs talk scale ๐:
$735M/month across all crypto cards is roughly what a mid-sized regional bank processes.
Yes, the space is growing fast โ but itโs still a tiny blip compared to traditional payment rails.
#CryptoCards ๐ณ
#RedotPay ๐ฅ
#CryptoSpending ๐
#KAST ๐
#Wirex ๐ฐ
#Plasma ๐ฅ
#Kolo ๐
#EtherFi ๐ง
#Karta ๐
#CryptoGrowth ๐ฑ
#PaymentRails ๐ฆ
#AugustData ๐
#CryptoVsBanking โ๏ธ
August saw ~$735M in total card spend across the top 10 crypto cards.
But hereโs the kicker ๐
RedotPay alone raked in $390M โ thatโs more than every other card on the list combined. ๐ฆ๐ฅ
But while the leader sits comfortably, the chasing pack is speeding up ๐:
ยท KAST โ๏ธ +16.1%
ยท Wirex One ๐ +37.7%
ยท Plasma One โก +30.7%
ยท Kolo ๐ +13.2%
RedotPay grew just 2.3% this month โ coasting while the rest are compounding fast.
The race for second is heating up too ๐ฅ โ EtherFi and KAST are now separated by less than $4M**, both hovering around the **$100M mark. A real nail-biter! ๐ฅ
Not everyoneโs winning though.
Karta took a -25.6% dip to $42.6M โ the only major decline this month, and steep enough to signal more than just a slow cycle. ๐
Now, letโs talk scale ๐:
$735M/month across all crypto cards is roughly what a mid-sized regional bank processes.
Yes, the space is growing fast โ but itโs still a tiny blip compared to traditional payment rails.
#CryptoCards ๐ณ
#RedotPay ๐ฅ
#CryptoSpending ๐
#KAST ๐
#Wirex ๐ฐ
#Plasma ๐ฅ
#Kolo ๐
#EtherFi ๐ง
#Karta ๐
#CryptoGrowth ๐ฑ
#PaymentRails ๐ฆ
#AugustData ๐
#CryptoVsBanking โ๏ธ
RedotPay reportedly puts its $1B U.S. IPO on hold, per Bloomberg. A company spokesperson declined to comment on IPO plans. In the stablecoin payments space, investors will be watching for signals on liquidity and regulatory direction. #CryptoNews #Stablecoins #RedotPay
RedotPayโs U.S. IPO just hit the regulatory speed bump. ๐
RedotPay has postponed its U.S. IPO plans instead of completing them this year as previously expected. The company is focusing on handling legal requirements and obtaining approvals in the markets where it operates.
Notably, RedotPay says it has just received a money transmitter license in the U.S., while it still faces a lawsuit from an entity connected to Binance, seeking damages of about $500M.
RedotPay: โIPO this year.โ
Regulators: โLetโs talk first.โ ๐
A key point is that the company says users, revenue, profit, and margins are all at ATH levels, but regulatory clearance remains the bottleneck.
Do you think crypto/fintech IPOs are being delayed by regulatory risk, or is this just a normal delay before RedotPay goes public?
#Binance #redotpay
RedotPay has postponed its U.S. IPO plans instead of completing them this year as previously expected. The company is focusing on handling legal requirements and obtaining approvals in the markets where it operates.
Notably, RedotPay says it has just received a money transmitter license in the U.S., while it still faces a lawsuit from an entity connected to Binance, seeking damages of about $500M.
RedotPay: โIPO this year.โ
Regulators: โLetโs talk first.โ ๐
A key point is that the company says users, revenue, profit, and margins are all at ATH levels, but regulatory clearance remains the bottleneck.
Do you think crypto/fintech IPOs are being delayed by regulatory risk, or is this just a normal delay before RedotPay goes public?
#Binance #redotpay
REDOTPAY'S US IPO PUSHED TO 2027 โ REGULATORY STORM HITS $ACE & $SNXXB ๐จ๐ฅ
The IPO clock just froze. RedotPay has officially shelved its US listing plans until 2027 or later, and the market is already feeling the aftershock. Regulatory friction plus a massive $470M legal battle in the crypto space doused the entire timeline in cold water. ๐
For $ACE and $SNXXB holders, this is a moment to read the tape carefully. Delayed exits always reprice risk, and volatility is the new steady state. Bloomberg's report made it clear โ uncertainty is climbing, and the tug-of-war between buyers and sellers just got a lot messier. โ๏ธ
The real question isn't whether this was already priced in. It's what happens next when liquidity windows slam shut and smart money starts rotating before the crowd catches on.
Are you trimming into the chaos or holding firm for the long play? ๐ง
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ACE #SNXXB #RedotPay #CryptoNews #IPO
๐๐ฅ
The IPO clock just froze. RedotPay has officially shelved its US listing plans until 2027 or later, and the market is already feeling the aftershock. Regulatory friction plus a massive $470M legal battle in the crypto space doused the entire timeline in cold water. ๐
For $ACE and $SNXXB holders, this is a moment to read the tape carefully. Delayed exits always reprice risk, and volatility is the new steady state. Bloomberg's report made it clear โ uncertainty is climbing, and the tug-of-war between buyers and sellers just got a lot messier. โ๏ธ
The real question isn't whether this was already priced in. It's what happens next when liquidity windows slam shut and smart money starts rotating before the crowd catches on.
Are you trimming into the chaos or holding firm for the long play? ๐ง
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ACE #SNXXB #RedotPay #CryptoNews #IPO
๐๐ฅ
RedotPay postpones $1 billion IPO plan
โข RedotPay, a stablecoin payment company, declines to comment on its IPO plan
โข Bloomberg reports that the $1 billion IPO plan was postponed
โข No further details from the company
#BinanceSquare #CryptoNews #RedotPay #Stablecoin
$btc $eth
#vlikevn Titanbot
Source: CoinDesk
โข RedotPay, a stablecoin payment company, declines to comment on its IPO plan
โข Bloomberg reports that the $1 billion IPO plan was postponed
โข No further details from the company
#BinanceSquare #CryptoNews #RedotPay #Stablecoin
$btc $eth
#vlikevn Titanbot
Source: CoinDesk
RedotPay delays IPO in the U.S. due to regulatory barriers, rules
- RedotPay postpones its IPO plan in the U.S. while waiting for approval from regulators
- The company states it has obtained a money transmitter license in the U.S.
- News reflects difficulties faced by crypto businesses in accessing traditional stock markets
#BinanceSquare #CryptoNews #RedotPay #IPO
$btc $eth
#vlikevn Titanbot
Source: CoinTelegraph
- RedotPay postpones its IPO plan in the U.S. while waiting for approval from regulators
- The company states it has obtained a money transmitter license in the U.S.
- News reflects difficulties faced by crypto businesses in accessing traditional stock markets
#BinanceSquare #CryptoNews #RedotPay #IPO
$btc $eth
#vlikevn Titanbot
Source: CoinTelegraph
๐จ Binance Files $470M Lawsuit Against RedotPay! ๐จ
Major update in the crypto space today! Binance has legally challenged Hong Kong-based crypto payment firm RedotPay:
๐ The Claims: Allegations of diverting over 470,000 users away from Binance Card to RedotPay's stablecoin payment card.
๐ก๏ธ RedotPay's Response: RedotPay maintains that the dispute will not affect their daily operations and plans to defend themselves in court.
What are your thoughts on this situation? Drop your opinions in the comments! ๐
#Binance #CryptoNews #redotpay #CryptoUpdates
Major update in the crypto space today! Binance has legally challenged Hong Kong-based crypto payment firm RedotPay:
๐ The Claims: Allegations of diverting over 470,000 users away from Binance Card to RedotPay's stablecoin payment card.
๐ก๏ธ RedotPay's Response: RedotPay maintains that the dispute will not affect their daily operations and plans to defend themselves in court.
What are your thoughts on this situation? Drop your opinions in the comments! ๐
#Binance #CryptoNews #redotpay #CryptoUpdates
#binance ะฟัะพัะธะฒ #redotpay
๐ฟ Binance files a lawsuit against RedotPay for $472.8 million
Binance accuses RedotPay of allowing its users to top up their cards via Binance Pay while bypassing the terms of the partner agreement โ as a result, more than 470,000 users moved from the Binance Card to RedotPay. Binance calculated the lawsuit amount based on the average lifetime value of a customer, which is $925.
Now, Binance claims that through this scheme RedotPay received about $304 million in usersโ funds.
RedotPay denies the allegations and says that the lawsuit will not affect the serviceโs operations.
๐ฟ Binance files a lawsuit against RedotPay for $472.8 million
Binance accuses RedotPay of allowing its users to top up their cards via Binance Pay while bypassing the terms of the partner agreement โ as a result, more than 470,000 users moved from the Binance Card to RedotPay. Binance calculated the lawsuit amount based on the average lifetime value of a customer, which is $925.
Now, Binance claims that through this scheme RedotPay received about $304 million in usersโ funds.
RedotPay denies the allegations and says that the lawsuit will not affect the serviceโs operations.
ใBinance lodges a furious complaint against RedotPay, seeking $470 million in damages!ใ
According to Bloomberg, Binance-related entities have officially filed a lawsuit in Hong Kong against the crypto payment company RedotPay. The claim accuses its co-founders of violating an agreement, secretly diverting more than 470,000 โBinance Cardโ users to its own platform.
Key points:
โ The damages amount is as high as $472.8 million, with over 470,000 diverted users
โก Binance alleges that RedotPay misappropriated about $304 million of Binance Pay usersโ funds to top up cards, and failed to segregate funds
โข The partnership began in March 2026; after the issues surfaced, the two sides completely fell out
โฃ RedotPay responded that it will actively defend itself and emphasized that it does not affect day-to-day operations
โค In addition to the Hong Kong lawsuit, Binance has also filed a lawsuit in Singapore against RedotPayโs related parties, and a hearing was held this Friday
Whatโs especially intriguing is that RedotPay has previously been seeking to advance an IPO at an estimated valuation of around $4 billion. The operating data it disclosed looked quite impressiveโannualized payment volume of $14 billion, annualized revenue of $180 million, and users exceeding 8 million. Just as a unicorn appears ready to be born, itโs been dragged into the mud by a lawsuit filed by a former partner.
This case also serves as another reminder to the industry: in partnerships, questions like who owns user data, whether funds are segregated, and where compliance boundaries lieโif they arenโt clearly spelled out in the agreement, disputes can quickly escalate to stakes worth hundreds of millions of dollars.
What do you think of the showdown between Binance and RedotPay? Is the evidence solid for diversion violations, or did the parties simply fail to agree on how to share interests?
#ๅธๅฎ #RedotPay #cryptocurrency payments
According to Bloomberg, Binance-related entities have officially filed a lawsuit in Hong Kong against the crypto payment company RedotPay. The claim accuses its co-founders of violating an agreement, secretly diverting more than 470,000 โBinance Cardโ users to its own platform.
Key points:
โ The damages amount is as high as $472.8 million, with over 470,000 diverted users
โก Binance alleges that RedotPay misappropriated about $304 million of Binance Pay usersโ funds to top up cards, and failed to segregate funds
โข The partnership began in March 2026; after the issues surfaced, the two sides completely fell out
โฃ RedotPay responded that it will actively defend itself and emphasized that it does not affect day-to-day operations
โค In addition to the Hong Kong lawsuit, Binance has also filed a lawsuit in Singapore against RedotPayโs related parties, and a hearing was held this Friday
Whatโs especially intriguing is that RedotPay has previously been seeking to advance an IPO at an estimated valuation of around $4 billion. The operating data it disclosed looked quite impressiveโannualized payment volume of $14 billion, annualized revenue of $180 million, and users exceeding 8 million. Just as a unicorn appears ready to be born, itโs been dragged into the mud by a lawsuit filed by a former partner.
This case also serves as another reminder to the industry: in partnerships, questions like who owns user data, whether funds are segregated, and where compliance boundaries lieโif they arenโt clearly spelled out in the agreement, disputes can quickly escalate to stakes worth hundreds of millions of dollars.
What do you think of the showdown between Binance and RedotPay? Is the evidence solid for diversion violations, or did the parties simply fail to agree on how to share interests?
#ๅธๅฎ #RedotPay #cryptocurrency payments
TOP CRYPTO CARDS BY MONTHLY VOLUME
Let's review metrics of the leading crypto cards, highlighting their monthly volume, monthly volume change, transactions, and users. Among the top 10 leaders by growth in 1 month are:
#RedotPay #KAST #EtherFi #Karta #WirexOne #PlasmaOne #Kolo #Tria #Gnosis #Avici
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Let's review metrics of the leading crypto cards, highlighting their monthly volume, monthly volume change, transactions, and users. Among the top 10 leaders by growth in 1 month are:
#RedotPay #KAST #EtherFi #Karta #WirexOne #PlasmaOne #Kolo #Tria #Gnosis #Avici
Get 6% cashback on your Tria card by using our referral link: app.tria.so/?accessCode=6BB7EW7827
Get Kolo card by using our referral link: get.kolo.xyz/p717397
๐จ $ACE CRYPTO PAYMENT GIANT'S IPO JUST HIT A WALL โ $SNXXB IN THE CROSSHAIRS ๐ป
โ๏ธ A $473M lawsuit from Binance-linked entities just tangled RedotPay's U.S. IPO plans, pushing the timeline beyond 2026. That's not a pullback โ that's a structural crack in the expansion narrative. ๐
๐ The regulatory roadblock is the headline, but the court docket is the real weight dragging on sentiment. While RedotPay swears commitment to the U.S. market, the market is now pricing in months of legal fog and approval limbo. ๐ก For anyone holding $ACE or $SNXXB , this delay isn't just news โ it's a liquidity event waiting to unfold.
โ ๏ธ Expect widened volatility as short-term traders digest this uncertainty against the broader crypto payment narrative. ๐ The question isn't whether RedotPay survives โ it's whether the token ecosystem can front-run the legal resolution. ๐ฌ Is this delay a dip to accumulate or a red flag to rotate out of the payment narrative entirely? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ACE #SNXXB #RedotPay #CryptoNews #DelayedIPO
๐ก๏ธ ๐ผ
โ๏ธ A $473M lawsuit from Binance-linked entities just tangled RedotPay's U.S. IPO plans, pushing the timeline beyond 2026. That's not a pullback โ that's a structural crack in the expansion narrative. ๐
๐ The regulatory roadblock is the headline, but the court docket is the real weight dragging on sentiment. While RedotPay swears commitment to the U.S. market, the market is now pricing in months of legal fog and approval limbo. ๐ก For anyone holding $ACE or $SNXXB , this delay isn't just news โ it's a liquidity event waiting to unfold.
โ ๏ธ Expect widened volatility as short-term traders digest this uncertainty against the broader crypto payment narrative. ๐ The question isn't whether RedotPay survives โ it's whether the token ecosystem can front-run the legal resolution. ๐ฌ Is this delay a dip to accumulate or a red flag to rotate out of the payment narrative entirely? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ACE #SNXXB #RedotPay #CryptoNews #DelayedIPO
๐ก๏ธ ๐ผ
Binance and RedotPay dispute lawsuit in Singapore
- A legal dispute valued at $473 million is ongoing.
- RedotPay expects Binance to withdraw the lawsuit in Singapore.
- Binance states that the complaints are still in effect.
#Binance #RedotPay #CryptoNews #LegalNews
$binance
#vlikevn Titanbot
Source: CoinTelegraph
- A legal dispute valued at $473 million is ongoing.
- RedotPay expects Binance to withdraw the lawsuit in Singapore.
- Binance states that the complaints are still in effect.
#Binance #RedotPay #CryptoNews #LegalNews
$binance
#vlikevn Titanbot
Source: CoinTelegraph
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