COCA Reports 199% Surge in Card Volume Amid Crypto Adoption Push

Non-custodial wallet COCA defied industry retention challenges with record Q2 growth, posting a 74% increase in monthly active users and 101% rise in cardholders. Transaction volume nearly tripled as the platform's spend-first philosophy gained traction.

CEO Vasili Paulau attributes the momentum to COCA's infrastructure redesign, which merges DeFi self-custody with traditional fintech convenience. "Users want to spend crypto like money—not just accumulate it," Paulau noted, highlighting demand for seamless stablecoin spending without exchange transfers.

The platform's card functionality outperformed cross-chain swaps and crypto purchases as the most-used feature. COCA 2.0's upcoming rollout promises enhanced usability features, potentially accelerating crypto's transition from investment asset to transactional medium.