Crypto Users Prioritize Investment, Education Over Consumption, Nexo Report Finds

A new report by crypto wealth platform Nexo on Thursday revealed that crypto card users are increasingly directing their spending toward long-term goals like education and investment, rather than short-term consumption.

The findings suggest a shift in how digital asset holders approach financial planning, opting to borrow against crypto rather than liquidate it.

In its 2024 Card Report, Nexo noted that users deployed over 100,000 Bitcoin (CRYPTO: BTC) and 750,000 Ethereum (CRYPTO: ETH) as collateral via the Nexo Card, preserving their holdings while still accessing liquidity.

Larger transactions on the card were often tied to long-term commitments such as tuition payments or capital investments.

This trend coincides with …

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