In a major move toward mainstream crypto adoption, JPMorgan has teamed up with Coinbase to simplify crypto purchases for the bank’s 80 million customers. The partnership will let users link JPMorgan bank accounts to Coinbase, redeem Chase Ultimate Rewards points for USDC, and fund crypto buys using credit cards.
Coinbase announced the integration will roll out in stages, with credit card functionality launching this fall, and rewards and account linking expected in 2026. Notably, Chase customers can convert 100 points into $1 worth of USDC directly on Coinbase’s Base blockchain—making this the first U.S. credit card rewards program to support crypto redemptions.
The partnership comes just days after Gemini co-founder Tyler Winklevoss alleged JPMorgan dropped Gemini’s onboarding over criticism of its fintech fees, making this Coinbase collaboration even more significant. For JPMorgan, the alliance signals increasing comfort with digital assets despite ongoing regulatory uncertainty.
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