Quick TakeQuick Take

• The Coinbase–JPMorgan deal adds Chase card funding, point‑to‑USDC reward conversion on the Layer network Base, and direct bank linking for 80 million Chase customers.
• It follows a Fed/FDIC/OCC joint statement clarifying expectations for banks’ safekeeping of crypto, and aligns with JPMorgan’s deposit‑token work onchain while expanding banking distribution access for Coinbase.

Coinbase said Wednesday it is partnering with JPMorgan Chase to make it easier for the bank’s more than 80 million customers to access crypto, including the ability to fund Coinbase accounts with Chase credit cards starting this fall, redeem Chase Ultimate Rewards points for Circle's stablecoin USDC on Base beginning in 2026, and link Chase bank accounts directly to Coinbase in 2026.

The deal aims to streamline fiat on‑ramps and broaden distribution for Coinbase across mainstream U.S. banking, while giving JPMorgan customers more ways to engage with crypto without leaving their primary bank relationship.

...read more at theblock.co