JPMorgan Chase & Co. and Coinbase Global Inc. signed an agreement to directly link customers’ bank accounts to their cryptocurrency wallets, according to a Wednesday statement, as banks and financial technology companies increasingly clash over who has access to consumer data and at what cost.
The deal establishes a direct connection between Chase bank accounts and Coinbase crypto wallets, according to the statement. The bank-to-wallet connections are expected to go live next year, the firms said.
JPMorgan, the largest US bank, recently began informing fintech companies that it would charge them each time a consumer’s information was accessed. Executives from fintech and cryptocurrency companies, including crypto billionaire Tyler Winklevoss, publicly decried the move. Winklevoss then accused JPMorgan of pausing the onboarding of his crypto exchange Gemini as a customer because of his recent criticism of the bank. By establishing a direct relationship like this one with the bank, the fintechs could cut out data aggregators like Plaid Inc., MX Technologies Inc. or Akoya, which have traditionally served as behind-the-scenes connectors between the companies and the banks. However, a Coinbase spokesperson confirmed that the company will maintain all existing relationships with data aggregators, and direct connections to Chase accounts will be in addition to those.

Full report : JPMorgan Chase and Coinbase signed a deal to directly link customers’ bank accounts to their cryptocurrency wallets, with the feature expected to launch in 2026.