Catenaa, Friday, August 01, 2025- JPMorgan and Coinbase have teamed up to give over 80 million Chase customers immediate access to crypto, signaling a historic convergence of traditional finance and digital assets.
Announced Tuesday, the partnership enables Chase credit card holders to fund Coinbase accounts directly starting this fall. By 2026, users will also be able to link Chase bank accounts to Coinbase and redeem Chase Ultimate Rewards for USDC, Coinbase’s preferred stablecoin, issued on the Base Layer 2 blockchain.
“This is just the beginning,” Coinbase said, touting the deal as a step toward mainstream crypto access.
The partnership deepens JPMorgan’s foray into blockchain infrastructure. The bank recently launched JPMD, a tokenized deposit fully backed by US dollars, also on Base. JPMD, which debuted July 18, aims to bring secure, compliant settlement to public blockchains.
JPMorgan is also expanding crypto services for high-net-worth clients, exploring Bitcoin and Ethereum-backed loans and accepting crypto ETFs, including BlackRock’s iShares Bitcoin Trust, as collateral.
CEO Jamie Dimon, once a crypto critic, recently acknowledged that stablecoins and deposit tokens are “real,” affirming the bank’s role in digital asset innovation.
The move follows regulatory shifts in Washington. US banking agencies, including the OCC, Federal Reserve and FDIC, have reversed prior warnings and now permit regulated banks to buy, sell, and custody crypto assets.
The change comes amid Trump-era deregulatory policies and Congressional approval of stablecoin legislation.
Coinbase CEO Brian Armstrong called the evolution inevitable.
“Crypto is eating financial services,” he said, noting the firm’s expansion into payments, staking, and custodial services for institutional giants like BlackRock, Stripe and PayPal.
