Coinbase unveils an American Express-powered credit card offering up to 4% in BTC rewards

Coinbase is joining rival crypto exchange Gemini in offering users a credit card with crypto cashback rewards, the exchange announced at the firm's 2025 State of Crypto Summit on Thursday.The new card will be available to Coinbase One subscribers, who pay a monthly fee in exchange for zero transaction fees, priority support, and increased staking rewards, among other perks. The Coinbase One Card aims to offer users up to 4% in bitcoin rewards for every purchase.Rewards are proportional to the amount of digital assets a consumer holds on Coinbase. The card, which is powered by the American Express network, is expected to launch this fall, according to the firm's website. In 2021, Gemini unveiled its own credit card, which rewards users with up to 3% in bitcoin and other cryptocurrency rewards through a partnership with Mastercard, as previously reported by The Block. Coinbase had previously noted plans to launch a U.S.-based perpetuals trading platform when it unveiled its 24/7 derivatives trading platform in May of this year. Bitcoin traded at $107,748.034 as of publication, drawing in $32 billion in trading volume over the past 24 hours, according to The Block's Bitcoin price page. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.