US-based financial giant JPMorgan Chase and cryptocurrency exchange Coinbase have signed a groundbreaking partnership in the digital finance world. As part of this newly announced strategic partnership, users' Chase bank accounts will be directly linked to Coinbase crypto wallets. This connection is expected to be operational in 2026.
Direct bank-to-wallet access
The most striking aspect of the partnership is that, thanks to JPMorgan's secure API infrastructure, Chase customers will be able to directly link their bank accounts to their Coinbase wallets. This will allow users to conduct crypto transactions directly through their banking systems. JPMorgan and Coinbase emphasized that this integration will raise the bar in terms of both security and data privacy in financial transactions.
Melissa Feldsher, Head of Payment and Credit Innovation at JPMorganChase, said, “This collaboration with Coinbase will give our customers greater control over their financial future. Thanks to the flexibility provided by our Ultimate Rewards program, users can now securely convert their points into crypto assets.”
Credit card and reward points are being converted into crypto
The two companies' collaboration isn't limited to bank connections. Another feature planned for launch in the fall of 2025 is the availability of Chase credit cards on Coinbase. This step paves the way for the greater integration of traditional financial instruments into the crypto world.
Points from JPMorgan's popular "Chase Ultimate Rewards" loyalty program will also be transferred one-to-one to Coinbase accounts. This marks the first time a major credit card rewards program has been used to fund crypto wallets. 100 points can be converted into crypto, worth $1. These features are also planned to launch in 2026.
Coinbase's Head of Consumer and Business Products, Max Branzburg, commented on the partnership: "This partnership with JPMorganChase is an important step in making crypto participation more accessible. Together, we are removing the barriers to adoption of blockchain-based financial services by providing consumers with more choice."
Coinbase aims to build a more equitable and open financial system through the opportunities offered by the crypto economy. The platform, which currently offers services such as trading, storage, staking, spending, and global transfers to millions of users, also provides infrastructure for projects developing blockchain applications.
Coinbase is a US-based platform that offers basic services for users looking to buy and sell cryptocurrencies. The app allows users to trade popular cryptocurrencies, store, and transfer assets. While known for operating in compliance with regulations, it has occasionally been criticized for high transaction fees or delays due to congestion. While it's a popular entry point into the crypto world, it's not a perfect fit for all users.
