Overview

• Coinbase announced the Coinbase One Card, developed with American Express, will launch this fall exclusively for U.S. Coinbase One subscribers.
• Cardholders can earn between 2% and 4% back in bitcoin on every purchase, with rewards automatically deposited into their Coinbase wallets.
• Powered by Cardless and integrated into the Coinbase app, the card gives Coinbase direct control over issuance, servicing and crypto-specific perks.
• The move aims to monetize Coinbase One’s subscriber base, which has surpassed one million members and drove $698.1 million in subscription and services revenue in Q1.
• At its State of Crypto Summit, Coinbase signaled plans to extend perpetual futures trading to U.S. users as it works with regulators on approval.