Crypto card startups are racking up losses just to buy your loyalty with big rewards
Crypto card startups are reportedly running at a loss while offering large rewards to attract users. Their bet is that revenue from trading, lending and staking will eventually cover those payouts and make cardholders profitable. JST was $0.137 when the story was published and is down 0.1% since then.
Source: CoinDesk · Written by Blockdeck from public reports and live market datamarket_reactionJST/USD around the story+0.13% since the news
Price at the news$0.1374
First hour after+0.24%
Since the news+0.13%
Volume that hour1.3× normal
Headline and excerpt credited to CoinDesk. Prices on this page are live, not from the time of the story. Not financial advice.