JPMorgan & Coinbase Shock Traders: Now Buy Crypto Directly With Bank Accounts, Rewards Points & Cards
Wall Street meets crypto in a seismic shift—JPMorgan just handed Coinbase users the keys to the kingdom.
No more wire transfers, no more middlemen. The banking giant’s new integration lets clients buy Bitcoin and altcoins instantly using existing accounts, credit cards, or even unused rewards points (finally, something to do with those airline miles).
The fine print?
JPMorgan still hates crypto—they’re just tired of losing clients to it. A classic 'if you can’t beat ’em, profit from ’em' move.
Why this matters:
The partnership effectively turns Coinbase into a regulated on-ramp for JPMorgan’s 60M+ customers. Watch for other banks to scramble into similar deals—or risk becoming the next Blockbuster.
The kicker?
Fees are still higher than a DeFi degens’ leverage position. Some traditions never die.
