NEW YORK— JPMorgan is teaming up with Coinbase to let customers use their Chase credit cards to fund wallets and purchase cryptocurrency on the exchange beginning in fall 2025, Reuters reported.
Once met with skepticism by traditional banks, the digital assets sector has grown mainstream enough to attract major players like JPMorgan, signaling a shift in how Wall Street engages with crypto, Reuters noted.
“From custody services to card-linked purchases, financial heavyweights are increasingly offering crypto-related products and mulling new use cases for the tokens, signaling how far the once-nascent market has matured,” Reuters said.
The cryptocurrency market recently touched a $4 trillion valuation and is expected to grow further as regulatory clarity in major markets such as the United States drives broader adoption.
Starting in 2026, Chase customers will be able to redeem credit card reward points for USDC, a U.S. dollar-pegged stablecoin, and directly link their bank accounts to Coinbase to fund crypto purchases, Reuters added.