TLDR
- Coinbase and JPMorgan partner to simplify crypto access for 80M Chase users.
- Chase credit cards now fund Coinbase accounts in new fintech collaboration.
- Chase rewards to convert into USDC on Coinbase’s Base blockchain by 2026.
- JPMorgan-Coinbase deal links bank accounts to wallets with secure API.
- Loyalty points go crypto: Chase rewards to fund Coinbase wallets in USDC.
Coinbase and JPMorgan Chase have announced a strategic partnership to enhance crypto access for Chase’s 80 million users. The collaboration introduces direct bank-to-wallet integration, credit card funding, and loyalty point redemptions into digital currency. The rollout begins in fall 2025 and expanded features will be introduced in 2026.
JUST IN: Coinbase has partnered with JP Morgan to enable credit card purchases on its platform and let Chase customers redeem points for $USDC pic.twitter.com/oC57slwTzR
— Bitcoin Archive (@BTC_Archive) July 30, 2025
Chase credit card users will gain the ability to fund their Coinbase accounts directly using their cards. Coinbase clarified that some card transactions may be processed as cash advances depending on cardholder terms. This marks the first step in a broader integration plan between the banking giant and the crypto exchange.
JPMorgan will launch a secure API that links Chase bank accounts to Coinbase wallets. This integration allows mutual users to transfer funds directly with heightened privacy and security. The bank-to-wallet connection is designed to reduce friction in moving traditional currency to crypto platforms.
Chase Ultimate Rewards Points to Convert into USDC on Base
In 2026, Chase Ultimate Rewards members will gain a new option to convert points into Circle’s USDC stablecoin via Coinbase. This feature will operate on Base, Coinbase’s Ethereum Layer 2 blockchain, and support a one-to-one points-to-dollar redemption. It represents the first time a major loyalty program will directly fund a crypto wallet.
The reward-to-crypto conversion will add new flexibility to Chase’s widely used loyalty system. Coinbase aims to simplify fiat-to-crypto access through this familiar incentive model. By using rewards points, users bypass direct fiat purchases and instead engage with crypto through earned value.
Coinbase emphasized this feature as a major step toward onboarding new users into digital finance using recognizable financial tools. Customers will benefit from seamless conversions without the need to exit the Coinbase or Chase ecosystem. The USDC redemptions will further strengthen Coinbase’s presence on Base, its in-house blockchain network.
JPMorgan Signals Broader Crypto Commitment with Coinbase Partnership
JPMorgan’s deal with Coinbase also reflects the bank’s evolving stance on digital assets and blockchain utility. The firm recently announced plans to engage with stablecoins and explore crypto-backed lending. CEO Jamie Dimon confirmed this direction in July during an earnings call, highlighting competitiveness with fintech alternatives.
Reports suggest JPMorgan may launch loans backed by Bitcoin and Ethereum, aiming for implementation by 2026. These loans would expand its digital asset services beyond payments and wallets. However, the bank has not confirmed timelines or specific frameworks for these offerings.
Coinbase continues building tools to drive activity on its Base network and simplify crypto access for everyday users. The firm sees the JPMorgan alliance as a vehicle to move traditional finance participants on-chain. This partnership signals an increasing convergence of legacy banking and digital asset platforms.
