1inch winds down card service, urges balance withdrawals by Dec. 18

1inch is closing its card business. The decentralized exchange aggregator is winding down the 1inch Card, its prepaid Mastercard, and has asked existing users to clear out their balances before December 18, 2026. New registrations have already stopped. Current cardholders can still use their cards and accounts for now, but there is a wrinkle: 1inch doesn’t decide exactly when the lights go out. What 1inch is telling cardholders The company confirmed the wind-down through its official help center on October 20, 2026. The message to users is direct: spend what’s on the card or withdraw it before the December 18 deadline. The card served users in the European Economic Area and the United Kingdom. Those are the people who now have a little under two months of homework. The more unusual detail is who controls the timeline. According to 1inch, the card issuer and service provider, not 1inch itself, determine when card functionality actually ends. That plumbing involved three partners. Monavate, a licensed electronic money institution, issued the prepaid Mastercard. Crypto Life (CL) and Baanx handled the provider side, including KYC checks and account closures. KYC, short for “know your c...