JPMorgan and Coinbase have formed a strategic partnership to simplify how customers access and use cryptocurrency through bank-linked wallets.
The agreement will enable JPMorgan Chase customers to directly connect their bank accounts to Coinbase wallets via the bank’s API, streamlining crypto purchases and deposits. Although the service won’t launch until 2026, it marks a significant collaboration between the largest U.S. bank and a leading crypto exchange.
In addition to linking accounts, Chase users will be able to redeem reward points at a 1:1 ratio into Coinbase accounts and fund crypto purchases using Chase credit cards—also starting in 2026.
Coinbase’s Max Branzburg, Head of Consumer & Business Products, said the partnership aims to “lower barriers” and expand access to crypto financial services.
Following the announcement, Coinbase stock rose over 3%, reaching around $384, while JPMorgan’s shares also traded slightly higher, just under $300.
This partnership is part of Coinbase’s broader push to expand crypto adoption. It has recently teamed up with Samsung Pay and PNC Bank, and now counts partnerships with two of the largest U.S. banks—JPMorgan and PNC.
However, not all reactions have been positive. Bloomberg analyst Eric Balchunas raised concerns about high fees, particularly the 1.4% commission for crypto purchases made with Chase credit cards. He suggested that a Bitcoin ETF with lower fees would be a better offering for consumers.
While JPMorgan has no current plans to launch its own Bitcoin ETF, the bank has signaled openness to accepting BlackRock’s Bitcoin ETF as collateral and may offer Bitcoin- and Ethereum-backed loans starting in 2026.
