JPMorgan, Coinbase Partner for Direct Crypto Integration

JPMorgan Chase and Coinbase have announced a partnership to enable the bank’s 80 million customers to more easily access cryptocurrency. Starting in fall 2025, Chase credit cards can be used to fund Coinbase accounts, with direct bank-to-crypto transfers and the ability to redeem Chase Ultimate Rewards points for USDC on Coinbase available by 2026. This marks the first time a major U.S. bank offers direct credit card rewards redemption for cryptocurrency. The phased rollout aims to lower barriers for everyday users and bridge traditional banking with digital assets, offering enhanced flexibility and security. The move is notable given JPMorgan CEO Jamie Dimon's historical skepticism toward crypto, reflecting the bank's increasing involvement in the sector. This initiative also follows JPMorgan’s recent pilot of its own deposit token, underscoring its growing commitment to digital assets.