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 .