Chase credit card users will soon be able to buy crypto directly through Coinbase starting in fall 2025.
JPMorgan customers can redeem Chase points for USDC on Coinbase beginning in 2026 for the first time.
JPMorgan plans to offer crypto loans backed by Bitcoin or Ether as it expands into digital assets.
JPMorgan Chase has partnered with Coinbase to introduce crypto-related features for its customers starting this fall. The collaboration includes crypto purchases through Chase credit cards and future reward redemptions in stablecoins. This marked a significant expansion of crypto access within traditional banking platforms.
https://twitter.com/NewsNucleus/status/1950747717589926177 Chase Cardholders to Buy Crypto Directly on Coinbase
Starting later this year, Chase credit card users will be able to buy crypto directly through the Coinbase platform. This integration simplified access by linking existing banking infrastructure with a major crypto exchange. The partnership allows Coinbase to tap into a broader consumer base.
Coinbase users can link their Chase accounts to streamline transactions. The feature is expected to enhance onboarding and reduce payment friction. Coinbase states that this will enhance the ease of purchasing cryptocurrency across its ecosystem.
Crypto Rewards Coming to Chase Ultimate Points Program
In 2026, JPMorgan customers will gain the ability to redeem Chase Ultimate Rewards Points for USDC on Coinbase. This marks the first time a major credit card program will offer crypto redemption options. It signals a shift in loyalty programs toward the utility of digital assets.
Coinbase confirmed this update as part of its broader crypto rewards strategy. The feature will support seamless conversion of points into stablecoins. Users may benefit from direct crypto exposure without needing to buy with cash.
JPMorgan Expands Stablecoin and Lending Initiatives
JPMorgan’s recent crypto steps go beyond payments and rewards. On a recent earnings call, CEO Jamie Dimon shared plans to expand stablecoin usage. The bank is developing its deposit coin and may support others like USDC.
The reports also indicate that the bank may start lending directly against crypto assets by the year 2026. The plan is characterized by the provision of loans that are secured with Bitcoin or Ether. Nonetheless, their plans are under evaluation and subject to internal policy deliberations.
DeFi Maintains Edge on Fees and Collateral Flexibility
Despite this development at JPMorgan, DeFi platforms are beneficial in the crypto lending markets. Analysts observe that DeFi has more collateral options. It also offers reduced transaction fees in the form of automated smart contracts.
Although JPMorgan is trying to increase its crypto infrastructure, conventional finance is not as fast and dynamic as DeFi. However, such collaborations can close the divide between centralized and decentralized finance.
