BREAKING: JPMorgan Just Supercharged Crypto Adoption—Chase Cards Now Buy Bitcoin via Coinbase
Wall Street's sleeping giant finally wakes up to crypto.
JPMorgan just flipped the switch on Chase credit card crypto purchases through Coinbase—no more jumping through hoops to turn fiat into Bitcoin. The move signals banks can't ignore demand anymore, even if Jamie Dimon still privately calls it 'a scam.'
How it works: Swipe to stack sats
Chase cardholders can now buy crypto directly through Coinbase, bypassing traditional bank roadblocks. No separate wire transfers, no shifting funds between accounts—just instant exposure to the asset class JPMorgan spent years dismissing.
Why now? Pressure meets profit
With Coinbase processing $217B in Q2 2025 volume (up 89% YoY), banks face a simple equation: facilitate crypto or lose revenue streams. JPMorgan's 'partnership' looks suspiciously like a hostage negotiation—where the hostage is their own reluctance.
The bottom line: When Visa and Mastercard enabled crypto purchases years ago, analysts called it a milestone. Today? Just another Tuesday in finance's forced march toward decentralization—with banks taking a cut, of course.
Chase Customers to Get Direct Access to Coinbase
JPMorgan & Chase and Coinbase have announced a new partnership aimed at providing Chase customers with easier access to cryptocurrency. Starting this fall, Chase credit card holders will be able to fund their Coinbase accounts directly. This marks the first time such a feature will be made available between a major bank and a crypto exchange.
In 2026, more options are expected to roll out. Chase customers will gain access to direct bank-to-wallet transfers using JPMorgan’s secure API. The plan also includes the ability to transfer Chase Ultimate Rewards points to Coinbase at a 1:1 rate. One hundred points will equal $1 in crypto credit.
According to the companies, this will be the first time a credit card rewards program can be used to fund a crypto wallet.
Secure Bank-to-Wallet Transfers and Reward Point Integration
Meanwhile, the direct bank link will allow Chase customers to MOVE funds between their accounts and Coinbase without needing extra steps or third-party tools. The system is being designed to give users a faster and more private way to manage digital currency.
Melissa Feldsher, who oversees payments and lending innovation at JPMorgan & Chase, said the move helps customers manage both money and rewards in new ways.
“By joining forces with Coinbase, we are enhancing the security and privacy of our customers’ data,” she said. “With Ultimate Rewards, our customers can now seamlessly and securely convert their points into cryptocurrencies.”
Coinbase Expands Features and Token Listings
Max Branzburg of Coinbase shared his thoughts on the partnership.
“We’re excited to partner with JPMorganChase to onboard the next generation of consumers into crypto,” he said. “Together, we are expanding choice and lowering barriers to entry for consumers to participate in the future of financial services onchain.”
Coinbase has also been updating its platform. On July 22, it added three assets, BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX), to its asset roadmap. These tokens may be listed later, depending on market support and internal review. The exchange said it will announce launch dates if and when conditions are met.
Crypto-Backed Loans Under Review at JPMorgan
As CryptoPotato reported, JPMorgan is also considering crypto-backed loans. The bank may allow customers to borrow using assets like Bitcoin and ethereum as collateral. The program could begin in 2026, though the final decision has not been made.
CEO Jamie Dimon has long been skeptical of digital currencies. In past statements, he called Bitcoin a “fraud” and claimed it was mostly used for illegal activity. Reports also suggest he once said he would fire any trader caught dealing in it.
