Coinbase and JPMorgan Chase are beginning a partnership that will allow Chase users to more conveniently access cryptocurrency services.
Coinbase and JPMorgan Partnership
According to the announcement, Chase debit and credit card holders can add money directly to their Coinbase wallets. Customers will also be able to convert their Chase Ultimate Rewards points into USDC (USD Coin). Rewards will be sent via blockchain using the Layer 2 Base network.
JPMorgan's Crypto Strategy Expansion
The partnership with Coinbase is part of JPMorgan's broader crypto strategy, which has previously engaged with blockchain and tokenization. The bank has also filed a trademark application for 'JPMD', potentially indicating further development of its digital asset initiatives.
Regulatory Changes for Banks
JPMorgan's initiative aligns with changing regulatory attitudes in the U.S. towards cryptocurrencies under the Trump administration. In 2025, the Federal Reserve rescinded guidance discouraging banks from engaging in crypto-related activities, including stablecoin services.
The partnership between Coinbase and JPMorgan opens new avenues for Chase clients to access digital assets, reflecting broader trends integrating traditional finance with cryptocurrency.
