Bybit Card Wins Mastercard’s Best Crypto Card Award at EDGE 2025

The award was presented during Mastercard’s flagship EDGE 2025 forum, which convened senior global executives to examine emerging opportunities across payments, digital infrastructure, and consumer trends. Under the theme ‘Commerce: De-Coded’, the event explored how innovations like agentic AI, embedded finance, tokenization, and stablecoins are transforming global commerce and accelerating fintech evolution. Sophie Chen, Head of Marketing at Bybit Card and Pay, expressed honor at receiving the recognition from Mastercard, stating that it ‘validates Bybit’s vision to make crypto freedom a reality and digital assets more accessible for everyday users.’

The timing of this recognition coincides with significant industry shifts. Mastercard’s own innovation data reveals that nearly half of all Mastercard online transactions in Europe are now tokenized, with the company targeting 100% tokenization by 2030. Simultaneously, industry reports indicate that AI assistants may handle 20% of eCommerce activities in 2025, underscoring the critical importance of secure, intelligent payment infrastructure like that recognized in the Bybit Card.

Since its launch in 2024, the Bybit Card has accumulated over two million cardholders worldwide, demonstrating strong market acceptance. The card distinguishes itself by seamlessly integrating cryptocurrencies with traditional payment rails, supporting digital asset holders’ everyday needs while prioritizing a rewarding experience for its community. Through generous rewards tracks, exclusive partnerships across utility to culture, and innovative solutions, the Bybit Card enables users to convert and spend their digital assets at millions of merchants worldwide within the Mastercard network.

The card’s multi-asset transaction capability supports BTC, ETH, XRP, TON, USDT, USDC, MNT, and BNB, with cashback options available in USDC, USDT, BTC, and AVAX. This broad cryptocurrency support reflects Bybit’s position as the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users since its founding in 2018.

Sophie Chen emphasized the card’s broader significance, noting that ‘The Bybit Card demonstrates the potential of digital assets in a connected world. EDGE 2025 brought together the companies actively building this infrastructure, and we’re focused on ensuring crypto users have the same seamless payment experience as traditional cardholders.’

The Bybit Card offers a compelling value proposition with zero annual fees and up to 8% APR on balances, making it financially attractive for regular users. The card provides crypto convenience through seamless fiat-to-crypto spending and cash withdrawals from supported ATMs worldwide, with physical card availability for Mastercard holders. These features bridge the gap between traditional finance and decentralized finance, empowering builders, creators, and enthusiasts to unlock the full potential of Web3.

Year-round perks include 100% rebates on subscriptions for services like Netflix, Spotify, and selected AI tools, along with airport lounge access and other benefits that are refreshed seasonally. The combination of practical utility and premium benefits has contributed to the card’s rapid adoption and user satisfaction, positioning it as a leader in the crypto payment card space.

Bybit’s achievement comes as the company continues to redefine openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. The company’s renowned secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools facilitate the transition between traditional finance and decentralized finance.

The Mastercard recognition at EDGE 2025 signals growing mainstream acceptance of cryptocurrency payment solutions and validates Bybit’s approach to bridging digital assets with conventional financial systems. As the payments industry continues its rapid transformation through embedded finance, tokenization, and AI-driven commerce solutions, the success of the Bybit Card demonstrates the increasing relevance of cryptocurrency in everyday financial transactions and the expanding infrastructure supporting digital asset adoption.