COCA has launched COCA 3.0, a comprehensive banking platform that combines self-custodial crypto wallet functionality with traditional banking services. According to the company announcement, the platform now offers EUR IBAN accounts for SEPA transfers, real-time APY of 5% on eligible USD balances, and up to 8% cashback on purchases. The platform maintains its core self-custodial architecture, meaning users retain control of their funds while COCA cannot move or freeze balances without user approval. The card works with Google Pay and Apple Pay and connects to a non-custodial wallet secured by MPC and biometric recovery, allowing users to spend crypto anywhere Visa is accepted - over 80 million merchants globally.
By the end of 2025, COCA had achieved significant user adoption and financial performance metrics. As reported by the company, the platform reached 1 million+ users worldwide and generated a $3.2M ARR run rate in under 12 months. The platform demonstrated strong user engagement with card payment volume growing 248% per quarter on average, while monthly active users increased 694% since mid-2025. The platform maintains a 4.9-star rating on both iOS and Android platforms and received the Best Software Wallet award at the BeInCrypto 100 Awards 2025.
COCA's cashback system operates through a tiered loyalty program tied to $COCA token staking. According to the company, the Starter tier offers 1% unlimited cashback, while the Standard tier provides 3% on the first $1,000/month and 1% thereafter. The Premium tier offers 5% on the first $2,500/month and 1% thereafter, and the Elite tier provides 8% on the first $10,000/month and 1% thereafter. All tiers receive 50% cashback on selected subscriptions including Netflix, Spotify, ChatGPT, and Amazon Prime, up to $70 per service per month, with COCA Travel adding hotel discounts of up to 65%. The platform supports USDC and EURC stablecoins across major EVM and Layer 2 networks with no lockups - funds remain liquid for spending and transfers.
The platform's 5% APY on stablecoins is powered by Morpho, an audited DeFi lending protocol, with risk management provided by Gauntlet, a specialist DeFi risk firm. As reported by COCA, the APY accrues continuously without monthly cycles, requires no minimum balance, and has no lock-up period, allowing funds to remain available for spending and transfers at all times. This differs from traditional bank savings or exchange-based staking where funds are either locked or earn rates close to zero. The platform offers 6% APY on stablecoin card balance with no lockups, enabling users to earn yield while maintaining full liquidity for spending.
COCA 3.0 is designed for four primary user categories: crypto holders who want to spend stablecoins and earn yield without moving to custodial exchanges, freelancers and remote workers receiving digital asset income, people in high-inflation economies seeking stable value, and users tired of neobanks with unfavorable custody models. The platform maintains existing features including spending across 350+ tokens on 12 blockchains with zero fees, up to 8% cashback, subscription discounts, and COCA Travel services. Users from 54 supported countries including EEA, UK, Switzerland, Monaco, Australia, Hong Kong, Singapore, Brazil, Mexico, and Argentina can order a COCA card with KYC. The platform maintains a 4.9-star rating on both iOS and Android platforms and received the Best Software Wallet award at the BeInCrypto 100 Awards 2025.
