Coinbase Card: A crypto rewards debit card that hints at greater depository ambitions

Quick Take

  • With news of Coinbase Card launching, we look at other debit crypto and legacy rewards offerings
  • Coinbase Card offers a unique platform to build a larger deposit base, akin to more traditional banking models
With news this month of PayPal confirming crypto exchange capabilities in-app, and the announcement of the refreshed Coinbase Card — a Visa debit card that allows users to spend crypto and receive up to 4% rewards — the offering of crypto rewards through traditional financial service products feels more relevant than ever before. Could Coinbase Card offer a unique platform to build a larger deposit base, akin to more traditional banking models?

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