JPMorgan Chase and Coinbase have announced a landmark partnership to integrate cryptocurrency transactions for over 80 million Chase customers, with phased rollouts beginning Fall 2025. The collaboration will enable direct bank-to-wallet connections through Chase accounts, credit card funding for Coinbase purchases, and conversion of Ultimate Rewards Points to USDC cryptocurrency.
Starting Fall 2025, Chase customers can fund Coinbase accounts using Chase credit cards. In 2026, the integration expands to allow direct bank account linking and rewards conversion—marking the first time a major credit card rewards program enables direct crypto wallet funding. Customers will convert rewards at 100 points = $1 USDC value.
Melissa Feldsher, JPMorgan's Head of Payments and Lending Innovation, emphasized: "This partnership marks a significant step forward in empowering our customers to take control of their financial futures," highlighting enhanced security and privacy. The move signals JPMorgan's strategic pivot toward crypto despite CEO Jamie Dimon's historical skepticism.