JPMorgan Chase customers will be able to connect their bank accounts to their Coinbase wallets from next year, strengthening the ties between the cryptocurrency sector and traditional finance.
The companies said on Wednesday that their mutual customers would be able to “seamlessly link” their Chase bank accounts with their Coinbase accounts in order to buy, sell and trade cryptocurrencies, and that the partnership “will give users more ways than ever to get into crypto.”
The move underscores the deepening relationship being forged between traditional banks and crypto companies, as lenders become more comfortable with digital assets under Donald Trump’s administration. The US president has championed the crypto industry, appointing friendly regulators and pushing forward laws that ease Wall Street’s path to get involved with digital tokens. His family has also backed several crypto businesses.