JPMorgan and Coinbase Bring Crypto to the Masses | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 31 July 2025
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry as JPMorgan partners with Coinbase for crypto purchase.
JPMorgan and Coinbase are working together to make it easier for bank customers to buy crypto. The partnership will allow customers of the Wall Street giant to directly connect their bank accounts to Coinbase, redeem Ultimate Rewards points for USDC, and use credit cards to fund crypto purchases. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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Midnight is a privacy-enhancing blockchain introducing vital, programmable privacy and selective disclosure capabilities.
It means DApps can allow users to control what information is revealed without putting sensitive data on-chain, allowing you to break free from the limitation of choosing between utility or privacy.
We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design.
Break free with Midnight, visit midnight.network/break-free
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | JPMorgan Chase and Coinbase partner to bring crypto to the masses and Mark gets little moved on the back of Powell's hawkish comments. |
| 0:08.6 | You're watching CoinDesk Daily. I'm your host, Jen Sanassi. |
| 0:17.5 | JPMorgan and Coinbase are partnering to make it easier for bank customers to buy crypto. |
| 0:22.4 | The partnership will allow customers of the Wall Street giant to directly connect their bank accounts to Coinbase, redeem ultimate rewards points for USDC, and use credit cards to fund crypto purchases. |
| 0:33.2 | Coinbase said in a blog post that the features are being faced in with credit card support expected to |
| 0:37.5 | launch this fall and rewards redemption and bank account linking slated for 2026. The partnership |
| 0:42.9 | marks the first time a major U.S. credit card rewards program can be used to buy crypto, |
| 0:47.7 | a signal of mainstream adoption and major onboarding. The crypto market quickly recovered from |
| 0:53.4 | the Wednesday swoon triggered by Fed |
| 0:55.3 | Chair Jerome Powell's hawkish comments. Bitcoin bounced back above $118,000 and other major |
| 1:01.0 | altcoins followed suit. The CoinDest 80 index traded over 2.5% higher on the day, outperforming |
| 1:06.8 | the Coin Desk 20 index, which suggests a stronger recovery in mean coins and smaller tokens. |
| 1:12.6 | This comes as a wave of crypto exchanges release their Q2 earnings. |
| 1:16.4 | Robin Hood reported second quarter earnings of 42 cents a share, beating analyst expectations of 31 cents, |
| 1:22.6 | with the overall revenue rising 45% to $989 million. |
| 1:32.4 | Cracken recorded $79.7 million of Q2 Ibitah, which returned 6.8% lower compared to $85.5 million in the same period of 2024. The exchange also saw |
| 1:39.0 | revenue fall 13% to $411.6 million compared to $471.7 million in Q1. Tune to CoinDesk as we report on the latest |
| 1:48.8 | earnings from major crypto exchanges. Midnight is a privacy-enhancing blockchain, introducing vital, |
| 1:54.4 | programmable privacy and selective disclosure capabilities. It means DAPS can allow users to control |
| 2:00.4 | what information is revealed without |
| 2:02.0 | putting sensitive data on-chain, allowing you to break free from the limitation of choosing |
| 2:07.1 | between utility or privacy. We deserve more when it comes to privacy. Experience the next generation |
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