Coinbase is launching its bitcoin rewards credit card for all users on its waitlist, allowing cardholders to earn between two to four percent back on purchases based on their asset holdings. The card, issued in partnership with Cardless and First Electronic Bank, offers additional benefits through the American Express Network. Early adopters have significantly increased their engagement with the Coinbase platform, contributing over $200 million in additional assets.

Coinbase is set to launch the Coinbase One Card in partnership with American Express, offering users up to 4% rewards in bitcoin on purchases. This initiative reflects a growing trend among crypto exchanges to provide payment cards, while also signaling Coinbase's interest in expanding its perpetual futures trading offerings in the U.S.