Coinbase Introduces Bitcoin Rewards Credit Card for Crypto Holders

Coinbase has expanded its financial services with the introduction of the Coinbase One Card, a new credit card designed for individuals with significant crypto holdings. Unlike traditional secured credit products, the collateralized funds continue to generate yield while securing the credit line.

The card is issued by First Electronic Bank and operates on the American Express network. Product management, applications, and customer service are fully integrated within the Coinbase mobile app.

Coinbase views stablecoins as a key bridge between the crypto sector and traditional banking. By using USDC as collateral, clients can maintain their digital asset exposure without being forced to sell positions when they need liquidity.