SCOOP: JPMorganChase and Coinbase announce partnership to facilitate crypto expansion

Crypto scored a huge win this week when Coinbase and JPMorganChase announced a partnership geared towards making open banking both easier and more secure for crypto users across America.

The move could leave data aggregators in the cold, and it comes as the Trump administration is working to undo a Biden-era regulation and work on its own open banking rule.

President Donald Trump is working to make America the crypto capital of the world, and has staffed his administration with industry experts, like David Sacks, to ensure American dominance in the industry for years to come; Trump recently signed bipartisan stablecoin legislation towards the end of a successful Crypto Week.

The new partnership includes the ability to use Chase credit cards on Coinbase for the first time ever and link bank accounts to Coinbase wallets — a historic first for the relationship between credit cards and crypto.

The credit card usage is expected to be functional this year, and the direct bank-to-wallet and Ultimate Rewards features are expected to go live in 2026.

“This partnership marks a significant step forward in empowering our customers to take control of their financial futures,” Melissa Feldsher, the Head of Payments and Lending Innovation for JPMorganChase, said about the partnership. “By joining forces with Coinbase, we are enhancing the security and privacy of our customers' data, allowing them to use their money and rewards in new and exciting ways. With Ultimate Rewards, the most flexible loyalty program in the industry, our customers can now seamlessly and securely convert their points into cryptocurrencies."

Coinbase, for its part, is “excited” for this partnership. “Together, we are expanding choice and lowering barriers to entry for consumers to participate in the future of financial services on chain,” Max Branzburg, the Head of Consumer and Business Products at Coinbase, said.

The future of crypto is at somewhat of a crossroads, as the Trump administration works on its open banking policies. The Washington Reporter previously covered the debate about what comes next for Rule 1033 from the Consumer Protection Financial Bureau (CFPB).