JPMorgan Taps Coinbase to Open Crypto Access for Cardholders

JPMorgan Chase will allow customers to use its credit cards to purchase cryptocurrency on Coinbase, following a new partnership between the two firms announced Wednesday.

The rollout will begin in fall 2025, enabling Chase cardholders to fund their Coinbase wallets directly. A further integration set for 2026 will let users link Chase bank accounts to Coinbase and redeem Chase credit card reward points for USD Coin (USDC), a stablecoin pegged to the U.S. dollar.

Chase Credit Cards to Support Crypto Wallets

“Beginning in 2026, you’ll be able to directly link your Chase account to Coinbase,” the exchange mentioned. “Chase customers will be able to seamlessly link their bank accounts to Coinbase for another fast, easy way to buy crypto – in addition to all of our existing integrations.

We're partnering with @Chase to accelerate crypto adoption.Coming soon:→ Use Chase credit cards on Coinbase→ Redeem rewards points for USDC→ Directly link Chase accounts to CoinbaseBridging tradfi to crypto. pic.twitter.com/ObxIaMWI3J

The move reflects growing collaboration between traditional financial institutions and the digital asset sector, as banks respond to rising customer demand for crypto products and services. Once skeptical of cryptocurrencies, firms like JPMorgan are increasingly exploring crypto-related offerings, including custody, payments, and trading.

The announcement comes as the global crypto market recently reached a $4 trillion valuation, with further growth expected as regulatory frameworks mature in key markets such as the United States.

Wall Street Continues Pivot Toward Crypto

Stablecoins such as USDC are playing a growing role in this shift. Their relative price stability makes them useful for payments, trading, and connecting legacy financial systems with blockchain-based platforms.

JPMorgan’s move to tie credit card rewards to USDC underscores its expanding use case in mainstream finance. Earlier in July, PNC Bank also confirmed it was working with Coinbase to bring crypto trading services to its customers.

Shares of Coinbase rose 3% in premarket trading following the announcement. The stock is up roughly 50% year-to-date, pushing the company’s market value to $95 billion and securing it a place in the S&P 500 index.

Last month, Coinbase secured a Markets in Crypto-Assets (MiCA) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier, allowing the exchange to offer crypto services across all 27 European Union member states.

JUST IN: Coinbase secures license to offer Bitcoin & crypto services across the European Union 🇪🇺 pic.twitter.com/bM4adhS4Kv

The approval designates Luxembourg as Coinbase’s official crypto hub in the region, enabling the company to consolidate its European operations under a single regulatory framework. The license enables Coinbase to roll out its full range of crypto products and services throughout the EU’s single market.