Coinbase’s Base Blockchain Hosts JPMorgan’s JPM Coin for 24/7 Institutional Payments

In a groundbreaking move that bridges traditional finance with decentralized technology, JPMorgan Chase has launched its JPM Coin on Coinbase's Base blockchain. This development enables institutional clients to perform instant payments and settlements 24/7, combining blockchain efficiency with the security of bank-backed deposits. Unlike typical stablecoins, JPM Coin operates under a regulated framework, offering a trusted digital payment solution for large-scale transactions. The integration underscores the growing adoption of blockchain by major financial institutions and highlights Coinbase's Base as a preferred platform for enterprise-grade crypto solutions. As of November 2025, this collaboration sets a new standard for real-time, cross-border payments in the institutional sector.

JPMorgan Launches JPM Coin on Coinbase’s Base Blockchain for 24/7 Payments

JPMorgan Chase has officially launched its JPM Coin on Coinbase's Base blockchain, marking a significant convergence of traditional finance and decentralized technology. The token enables institutional clients to conduct instant payments and settlements around the clock, leveraging the efficiency of blockchain while maintaining the security of bank-backed deposits.

Unlike conventional stablecoins, JPM Coin operates within JPMorgan's regulated infrastructure, offering yield-bearing capabilities. Transactions are fully verifiable on-chain, reducing the friction and delays typical in cross-border payments and corporate treasury operations.

"JPM Coin merges the security of bank-backed deposits with the innovation of blockchain," said a representative from Kinexys by J.P. Morgan. "It delivers efficiency, real-time speed, and liquidity freedom across institutional finance."

Bitcoin Plunge Triggers Market Panic as Crypto Sector Faces Sharp Correction

Bitcoin tumbled below $98,000, erasing $700 million in long positions and sparking a broader crypto selloff. The drop marks Bitcoin's third major correction this November, with altcoins following suit as fear grips the market.

U.S. financial pressures and a tech stock rout exacerbated the decline. Crypto-linked stocks cratered—Cipher Mining plunged 14.4%, while Coinbase and MicroStrategy lost 7%. The S&P 500 and Nasdaq fell 1.3% and 2%, respectively, dragging risk assets lower.

Miners faced brutal liquidations, with Bitdeer and Bitfarms dropping 19% and 13%. Yet Bitcoin Hyper's $HYPER presale defied the trend, crossing $27.5 million in fundraising as traders sought hedges against volatility.