JPMorgan Chase, the largest bank in the U.S, has teamed up with Coinbase, one of the largest cryptocurrency exchanges, to make crypto more accessible to more than 80 million Chase customers.
This partnership will launch three main features to make crypto simpler and easier. These are the following:
Use Chase Credit Cards on Coinbase
Starting later this year, Chase customers will be able to use their Chase credit cards to fund their Coinbase accounts. If users have a Chase card, they can easily buy crypto without bank transfers or extra payment steps.
Convert Chase Ultimate Rewards Points into Crypto
In a first-of-its-kind move, customers will be able to redeem Chase Ultimate Rewards Points for USDC, a stable digital currency.
The user will be able to get $1 worth of USDC for every 100 points, and use those funds to invest or spend in the crypto space. This is the first time a major U.S. bank has allowed points from a credit card rewards program to be converted into cryptocurrency.
Directly Link Chase Bank Accounts to Coinbase
In 2026, customers will also be able to link their Chase bank accounts directly to Coinbase through JPMorgan’s secure API. This means instant transfers from bank to crypto wallet, no need for third-party payment apps or delays.
“This partnership marks a significant step forward in empowering our customers to take control of their financial futures,” said Melissa Feldsher, Head of Payments and Lending Innovation for JPMorganChase. She said that by working with Coinbase, they’re improving the safety and privacy of customer data.
Max Branzburg, Head of Consumer & Business Products at Coinbase, said that they’re excited to work with JPMorgan Chase to bring more people into crypto. He said that the partnership will give users more options and make it easier for them to take part in the future of finance.
Last week, PNC Bank partnered with Coinbase to let select customers buy, sell, and hold cryptocurrencies. Now, this new partnership with JPMorgan further bridges traditional banking and the future of finance.
Also Read: JPMorgan Chase Plans Crypto-Backed Loans Using Client Assets
