The JPMorgan Chase cooperated with the Coinbase Crypto Exchange to introduce crypto integrations with its customers, a step in bridging traditional finance with digital assets.
Coinbase announced Wednesday that credit card holders can use their cards to buy crypto on Coinbase starting this fall. In addition, Coinbase said JPMorgan customers will also redeem their claims a financial claim for the USDC (USDC) in 2026.
Coinbase said this would be the first major reward program to be redeemed for crypto. “For the first time, points from a major credit card reward program can be redeemed for crypto rewards,” Coinbase said.
Coinbase also said Chase card users could relate their accounts to directly Coinbase. The exchange says this feature, which is scheduled for 2026, will give users an easier way to buy crypto.
JPMorgan continues the journey to Crypto
The new integration follows a broader JPMorgan pushing into digital assets.
On July 16, JPMorgan CEO Jamie Dimon announced a call that the company had Plans involved in stablecoins. The move is driven by competition with other Fintech companies trying to replicate traditional financial systems.
“We are involved in both JPMorgan deposit coins and stablecoins to understand it and be great here,” Dimon said.
Apart from Stablecoins, JPMorgan is reported looking to offer a direct loan against bitcoin (Btc) and ether (Eth). On July 22, the Financial Times mentioned unknown resources that reported the bank exploration of crypto-supported loans.
The report said the bank could start lending against the crypto in 2026. However, the plans will change.
Related: Tyler Winklevoss claims that JPMorgan blocked Gemini in public criticism
Fees, collateral remains Defi’s side in lending crypto
Although JPMorgan may look at crypto loans, decentralized players (defi) players still There are benefits to the bank and other traditional financial players in crypto loans, according to 1inch co-founder Sergej Kunz.
On Wednesday, Kunz told Cointelegraph that Defi’s strengths lies in offering a broader range of loan collateral. He added that market optimization driven to the defi allows users to enjoy lower fees.
https://www.youtube.com/watch?v=bwzodbdbiuw
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