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Chase customers will be able to link bank accounts directly to Coinbase wallets
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Credit card reward points can be redeemed for crypto starting in 2026
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This is the first major U.S. credit card program to fund crypto wallets
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The move signals a growing embrace of crypto by JP Morgan despite past skepticism
New Integration to Streamline Crypto Access
JP Morgan and Coinbase have announced a new partnership that will allow Chase bank customers to directly connect their accounts to Coinbase wallets, starting in 2026. The integration also includes the option to redeem Chase Ultimate Rewards Points for crypto, with 100 points equaling $1.
The collaboration marks a first-of-its-kind program where a major U.S. credit card rewards scheme will directly fund crypto wallets.
Shift in Strategy for Traditional Finance Giants
Melissa Feldsher, Head of Payments and Lending Innovation at JPMorganChase, called it “a significant step forward,” emphasizing user-friendly conversion between bank points and digital assets.
Chase credit cards will also be usable for direct Coinbase account funding by Fall 2025, enhancing liquidity and user participation.
From Anti-Crypto to Crypto Integration
The partnership marks a notable reversal for JP Morgan, whose CEO Jamie Dimon once called Bitcoin a fraud. The bank is now actively exploring crypto-collateralized lending and blockchain-based payment systems.
The collaboration with Coinbase may also set a precedent for other banking institutions eyeing deeper crypto integration amid rising consumer demand and a favorable regulatory climate.
