From “Ponzi” to partnership: Jpmorgan goes in Crypto with Coinbase deal star-news.press/wp

Main meals

Coinbase Bold Coinbase’s integration from JPMorgan will allow users to fund the encryption portfolios and use their bonus points smoothly on the stock exchange. But is there a hidden cost of planned efficiency?

American banks continue to embrace encryption amid organizational clarity, which puts the way for the wider integration.

in statement On July 30, Jpmorgan Chase announced a plan with Crypto Excination Coinbase to provide “direct contact to the portfolio” from 2026. The bank. Addand

“This direct communication will help subscribers to dealing with confidence, security and privacy they use as Chis agents.”

In addition, Coinbase users will be able to finance their accounts using Chase credit cards, while bank customers can transfer their reward points and use them on the encryption exchange.

The integration of encryption is deeper

This was a major reset between Tradfi players, echoing the broader direction under the Crypto Trump administration.

For perspective, a few years ago, there was a wide disposal of encrypted companies and users, known as the “CokePoint Operation”.

However, the organizers reflected the path under the new management, and now the banks permissible To deal with encryption.

Zaheer Ebtikar of Crypto VC Split Capital praised Coinbase partnership, Adding It will remove blurring lines between the sector and Trafi.

“The lines between encryption and traditional financing are no longer fog. They are no longer present.”

This was also part of many pro -captains recently made by JPMorgan. The bank’s CEO, Jimmy Damon, had a negative position against the sector in the past, until he described it as a “Bonzi” scheme.

However, the bank has since announced plans to use the spot Bitcoin (BTC) and ETHEREUM (ETH) ETFS as a guarantee for Loans. The last step to connect its bank accounts to the Coinbase governor increases its transformation.

Melissa Feldsher, head of payments and lending at JPMorgan Chase, has described the new partnership as,

“An important step forward in enabling our customers to control their financial future … which allows them to use their money and their rewards in new and exciting ways.”

For Coinbase, this step will “reduce barriers to entry” for Tradfi users to participate in the economy in the series.

For his part, Scott Milker, a Bodcast Checks host, described this step as “WildAnd the game changed.

“Holy Sh*T. This is the JPMorgan and Coinbase deal is wild, especially the credit point recovers.”

However, the Bloomberg analyst ETF Eric Balunas Reducing it Move as a bank to impose exorbitant fees on users.

“Why do they lead innocent investors to 1.4 % ridiculous commissions every time they buy encryption?”

Source: x