When JPMorgan Chase and Coinbase announced their partnership on July 30, 2025, it felt like the moment Wall Street finally stopped pretending crypto was a phase. Chase’s 80-plus million customers would get direct access to Coinbase, credit card funding for crypto purchases, and the ability to convert Chase Ultimate Rewards points into USDC on the Base network.
Nearly a year later, none of it exists. Not the credit card funding that was supposed to arrive in Fall 2025. Not the bank linking or points redemption slated for 2026. Zero features have gone live, and neither company has offered a revised timeline or a clear explanation for the holdup.
What was promised, and what wasn’t delivered
The original roadmap was ambitious but seemingly straightforward. Chase credit card holders would be able to fund their Coinbase accounts directly, a feature targeted for Fall 2025. Phase two would have Chase customers link their bank accounts directly to Coinbase, creating seamless on-ramps between traditional banking and digital assets. And then there was the rewards angle: converting Chase Ultimate Rewards points into USDC on Coinbase’s Base network.
Instead, customers got silence. No beta launches, no phased rollouts, no “coming soon” banners in the Chase app. Just the quiet absence of features that were supposed to redefine how mainstream America interacts with digital assets.
