$4 Trillion JPMorgan Partners Coinbase To Make Crypto Purchases Easier

JPMorgan Chase & Co. has teamed up with US-based cryptocurrency exchange Coinbase to allow customers to link bank accounts. However, Coinbase maintains it will not sever ties with data aggregators despite its partnership with JPMorgan.

JPMorgan Unveils Direct Bank-to-Wallet Connection

According to a joint press release, JPMorgan and Coinbase have signed a strategic partnership to improve crypto purchases for customers. The deal features a direct bank-to-wallet connection, allowing Chase customers to merge their bank accounts with their Coinbase wallets, using JPMorgan’s API.

Furthermore, the partnership between America’s largest bank and cryptocurrency exchange will allow Chase customers to transfer reward points to Coinbase at a 1:1 redemption ratio. Meanwhile, users will be able to fund their Coinbase accounts via Chase credit cards, starting in September.

However, the joint statement noted that the bank-to-wallet connection and reward conversion functionalities will go live in 2026.

“We’re excited to partner with JPMorganChase to onboard the next generation of consumers into crypto,” said Coinbase Head of Consumer & Business Products Max Branzburg. “Together, we are expanding choice and lowering barriers to entry for consumers to participate in the future of financial services on-chain.”

Coinbase is on a red-hot streak of tying up partnerships to deepen cryptocurrency adoption. Recently, Coinbase partnered with Samsung Pay, allowing users to buy cryptocurrencies without the hassle of switching apps.

This is a developing story.

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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