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Coinbase Announces Bitcoin Rewards Credit Card, Offering up to 4% BTC Back on Everything
- Coinbase is launching its first-ever branded credit card in partnership with American Express, called the Coinbase One Card, offering 2% to 4% back in Bitcoin on everyday purchases.
- The card will be exclusively available to U.S. members of Coinbase One, the platform's monthly subscription service.
- Previously, Coinbase only offered a prepaid debit card in 2020 with Visa.
- The launch was announced during the Coinbase State of Crypto Summit in New York by American Express global network services head, Will Stredwick.
- Coinbase is expanding its subscription-based services, with Coinbase One costing $29.99/month and offering benefits like zero trading fees and higher staking rewards.
- A more affordable subscription tier called Coinbase Basic is available for $4.99/month or $49.99/year.
- Coinbase's subscription business generated $698.1 million in Q1 2025 and now has over a million members since its launch in 2023.
- The company is focused on building its ecosystem around Bitcoin, supporting Bitcoin custody services, ETFs, and actively advocating for Bitcoin-friendly regulation.
- Coinbase positions Bitcoin as the core of its long-term vision, integrating Bitcoin rewards into its products and providing support for Bitcoin development.
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