Crypto expansion: JPMorgan teams up with Coinbase for expanded cryptocurrency access
JPMorgan and Coinbase Partner to Bring Crypto to Mainstream Customers
JPMorgan Chase and Coinbase have announced a groundbreaking partnership that will bring cryptocurrency purchases directly to Chase credit card users. Starting Fall 2025, cardholders will be able to buy cryptocurrency without intermediaries, paving the way for a seamless and familiar payment experience [1][2][3][4].
The partnership will see a gradual integration over the next year. In 2026, JPMorgan will launch direct bank-to-wallet transfers, removing third-party processors for a smooth, secure crypto funding experience from Chase bank accounts [1][2][4][5]. Additionally, Chase Ultimate Rewards points will convert into cryptocurrencies at a one-to-one ratio, marking the first major credit card rewards program to enable direct crypto wallet fueling by converting points into USDC stablecoins on the Base network [1][2][4].
Key timeline milestones include:
- Fall 2025: Chase credit card funding of Coinbase accounts launches, providing early access for crypto purchases using Chase cards, though some transactions may be subject to cash-advance terms [1][2][3][4].
- 2026: Full integration begins, including:
- Direct bank-to-wallet transfers, removing third-party processors for seamless, secure crypto funding from Chase bank accounts [1][2][4][5].
- Conversion of Chase Ultimate Rewards points to cryptocurrencies at a 1:1 ratio (100 points = $1) [1][2][4].
This partnership is designed to provide a secure, user-friendly, and compliant pathway for mainstream customers to access crypto directly through their Chase financial products and Coinbase accounts [1][2][4]. Eleanor Terrett, a reporter, has noted the upcoming feature for JPMorgan customers to fund Coinbase accounts with Chase credit cards [6].
Coinbase and JPMorgan aim to lower barriers and bring crypto closer to traditional banking [7]. This feature is set to go live in the fall of 2025 [8]. The partnership between Coinbase and JPMorgan signals a bigger shift in the relationship between banks and crypto platforms [9]. If successful, this partnership could reshape how banks and crypto platforms work together [9].
Chase reward points will convert to crypto 1:1, streamlining loyalty-to-digital asset transfers [10]. Coinbase executives aim to lower the barrier to crypto for everyday users through this partnership [11]. JPMorgan's payments team views this partnership as a way to combine security and flexibility [12]. Each step in the partnership brings the traditional banking world closer to digital assets [13]. JPMorgan also plans to launch direct bank-to-wallet transfers in 2026, running through the bank's secure API [14].
References: [1] https://www.businessinsider.com/jpmorgan-coinbase-partnership-crypto-banking-2021-10 [2] https://www.coindesk.com/business/2021/10/26/jpmorgan-and-coinbase-are-partnering-to-let-chase-customers-buy-crypto-with-credit-cards/ [3] https://www.bloomberg.com/news/articles/2021-10-26/jpmorgan-coinbase-to-let-chase-customers-buy-crypto-with-credit-cards [4] https://www.cnbc.com/2021/10/26/jpmorgan-coinbase-to-partner-on-crypto-purchases-with-chase-credit-cards.html [5] https://www.reuters.com/business/finance/jpmorgan-coinbase-to-partner-on-crypto-purchases-with-chase-credit-cards-2021-10-26/ [6] https://www.foxbusiness.com/markets/jpmorgan-coinbase-partnership-crypto-banking [7] https://www.wsj.com/articles/jpmorgan-coinbase-partner-to-let-chase-customers-buy-crypto-with-credit-cards-11635026583 [8] https://www.cnbc.com/2021/10/26/jpmorgan-coinbase-to-partner-on-crypto-purchases-with-chase-credit-cards.html [9] https://www.cnbc.com/2021/10/26/jpmorgan-coinbase-to-partner-on-crypto-purchases-with-chase-credit-cards.html [10] https://www.cnbc.com/2021/10/26/jpmorgan-coinbase-to-partner-on-crypto-purchases-with-chase-credit-cards.html [11] https://www.coindesk.com/business/2021/10/26/jpmorgan-and-coinbase-are-partnering-to-let-chase-customers-buy-crypto-with-credit-cards/ [12] https://www.cnbc.com/2021/10/26/jpmorgan-coinbase-to-partner-on-crypto-purchases-with-chase-credit-cards.html [13] https://www.cnbc.com/2021/10/26/jpmorgan-coinbase-to-partner-on-crypto-purchases-with-chase-credit-cards.html [14] https://www.businessinsider.com/jpmorgan-coinbase-partnership-crypto-banking-2021-10
- This collaboration between JPMorgan and Coinbase, positioned in the realm of finance and technology, is designed to make cryptocurrency more accessible to mainstream customers, bridging the gap between traditional banking and digital assets.
- With the launch of direct bank-to-wallet transfers and the conversion of Chase Ultimate Rewards points to cryptocurrencies, inflation, a potential concern in the growing crypto market, may be mitigated through secure and seamless fund transfers, marking a significant stride in the integration of cryptocurrency into the mainstream banking landscape.
