JPMorgan to allow crypto purchases with Coinbase

Key Points

1. JPMorgan and Coinbase are collaborating to allow Chase customers to purchase crypto and redeem credit card rewards for crypto, with features scheduled for 2026.

2. JPMorgan CEO Jamie Dimon emphasized the bank's commitment to digital assets, stating they aim to 'understand it and be good at it'.

3. JPMorgan is exploring crypto-backed loans, potentially starting by 2026, though plans are subject to change.

4. Decentralized finance (DeFi) still holds an edge over traditional finance in crypto lending due to lower fees and market-driven optimization, as noted by 1inch co-founder Sergej Kunz.