The partnership will allow Chase users to interact with digital assets directly through Coinbase-linked services, starting later this year.
Beginning in the fall, Chase credit card holders will be able to fund their Coinbase accounts using their cards. However, it cautioned that some credit card transactions could be treated as cash advances.
Coinbase highlighted the partnership as a step toward simplifying fiat-to-crypto conversion and giving traditional banking users more direct access to the crypto economy.
The company also called the rewards conversion a first-of-its-kind offering, enabling consumers to turn loyalty points into digital dollars.
Meanwhile, these initiatives are part of Coinbase’s broader strategy to drive activity on Base, its custom Ethereum scaling solution. By enabling reward redemptions and account integrations directly on Base, the firm hopes to guide more users into on-chain experiences using familiar financial tools.
Despite the scale of the announcement, not everyone in the industry is on board with the deal.
