Key Takeaways
JPMorgan Chase and Coinbase are partnering to allow over 80 million Chase customers to access crypto services through new integrations.
By 2026, Chase customers can redeem Ultimate Rewards points for USDC on Coinbase and link bank accounts for direct crypto purchases.
Coinbase is teaming up with JPMorgan Chase to make it easier for over 80 million customers of the bank to access crypto, the firm announced Wednesday.
The partnership will introduce three key features, including direct integration with the bank, the ability to fund Coinbase accounts using Chase credit cards, and the option to convert Ultimate Rewards points into USDC.
Starting this fall, Chase credit card holders will be able to make purchases on Coinbase. By 2026, customers will gain the ability to convert Chase Ultimate Rewards points to USDC on Base in Coinbase, marking the first time a major credit card rewards program allows points redemption for crypto assets.
The firms plan to enable direct bank account linking between JPMorgan and Coinbase in 2026, offering customers an additional method to purchase digital assets.
“We believe crypto is for everyone, and are excited to be working with JPMorgan to expand access, lower barriers to entry, and onboard the next wave of users into crypto,” Coinbase stated. “As the most trusted bridge from traditional finance to crypto, we’re always looking for more seamless options for customers to get into crypto and make economic freedom a reality for millions of Americans.”
The partnership comes after JPMorgan tapped Base, a network incubated by Coinbase, for a pilot of its ‘deposit token’ called JPMD, aimed at offering institutional clients a stablecoin alternative.