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JPMorgan Taps Coinbase to Open Crypto Access for Cardholders

source-logo  financemagnates.com 30 July 2025 12:17, UTC

JPMorgan Chase will allow customers to use its credit cards to purchase cryptocurrency on Coinbase, following a new partnership between the two firms announced Wednesday.

The rollout will begin in fall 2025, enabling Chase cardholders to fund their Coinbase wallets directly. A further integration set for 2026 will let users link Chase bank accounts to Coinbase and redeem Chase credit card reward points for USD Coin (USDC), a stablecoin pegged to the U.S. dollar.

Chase Credit Cards to Support Crypto Wallets

“Beginning in 2026, you’ll be able to directly link your Chase account to Coinbase,” the exchange mentioned. “Chase customers will be able to seamlessly link their bank accounts to Coinbase for another fast, easy way to buy crypto - in addition to all of our existing integrations.

We're partnering with @Chase to accelerate crypto adoption.

Coming soon:
→ Use Chase credit cards on Coinbase
→ Redeem rewards points for USDC
→ Directly link Chase accounts to Coinbase

Bridging tradfi to crypto. pic.twitter.com/ObxIaMWI3J

— Coinbase 🛡️ (@coinbase) July 30, 2025

The move reflects growing collaboration between traditional financial institutions and the digital asset sector, as banks respond to rising customer demand for crypto products and services. Once skeptical of cryptocurrencies, firms like JPMorgan are increasingly exploring crypto-related offerings, including custody, payments, and trading.

The announcement comes as the global crypto market recently reached a $4 trillion valuation, with further growth expected as regulatory frameworks mature in key markets such as the United States.

Wall Street Continues Pivot Toward Crypto

Stablecoins such as USDC are playing a growing role in this shift. Their relative price stability makes them useful for payments, trading, and connecting legacy financial systems with blockchain-based platforms.

JPMorgan’s move to tie credit card rewards to USDC underscores its expanding use case in mainstream finance. Earlier in July, PNC Bank also confirmed it was working with Coinbase to bring crypto trading services to its customers.

Shares of Coinbase rose 3% in premarket trading following the announcement. The stock is up roughly 50% year-to-date, pushing the company’s market value to $95 billion and securing it a place in the S&P 500 index.

Expect ongoing updates as this story evolves.

financemagnates.com