Key Takeaways
- JPMorganChase and Coinbase will offer direct bank-to-wallet connections for bitcoin purchases.
- Chase customers can transfer Ultimate Rewards points to Coinbase at a 1:1 ratio, the first such integration for a major credit card rewards program.
- Chase credit card funding for Coinbase accounts launches in Fall 2025, with other features expected in 2026.
JPMorganChase and Coinbase have entered a strategic partnership aimed at simplifying the process of acquiring bitcoin for consumers by integrating traditional banking services with Coinbase’s digital asset platform.
New features for customers
The collaboration will introduce several new options for mutual customers.
Chase account holders will be able to directly link their bank accounts to Coinbase wallets through JPMorgan’s secure API, facilitating seamless transfers and heightened security for bitcoin transactions.
Chase Rewards points
In addition, customers can transfer Chase Ultimate Rewards points to their Coinbase accounts at a one-to-one ratio, with 100 points equating to $1 in redemption value.
This marks the first time a major credit card rewards program enables funding of a bitcoin wallet.
Credit card integration coming
Beginning in Fall 2025, Chase customers will also be able to use their Chase credit cards to fund their Coinbase accounts, further reducing barriers to purchasing bitcoin.
The direct bank-to-wallet and Ultimate Rewards features are expected to become available in 2026.
Executive perspectives
Melissa Feldsher, Head of Payments and Lending Innovation for JPMorganChase, said:
“By joining forces with Coinbase, we are enhancing the security and privacy of our customers’ data, allowing them to use their money and rewards in new and exciting ways.”
Max Branzburg, Head of Consumer & Business Products at Coinbase, added:
“Together, we are expanding choice and lowering barriers to entry for consumers to participate in the future of financial services onchain.”
Broader context
Coinbase describes its mission as increasing economic freedom by making it easy for people to participate fairly in the economy through bitcoin and digital asset services.
