Coinbase has officially introduced its latest product, the Coinbase One Card, a new crypto credit card developed in partnership with American Express. The card stands out with its sleek black metal design, engraved with the iconic Bitcoin Genesis Block—the very first block created by Bitcoin’s elusive founder, Satoshi Nakamoto, in 2009. Coinbase CEO Brian Armstrong unveiled the card in a video shared on June 13, generating excitement among crypto enthusiasts eager for new ways to earn digital assets.
The announcement came through Coinbase’s official X (formerly Twitter) account, where the company highlighted the card’s key benefit: users can earn up to four percent back in Bitcoin on every purchase. Powered by the American Express network, the Coinbase One Card is slated for release in fall 2025. This strategic partnership blends traditional finance with the growing crypto economy, providing customers with both innovative rewards and the security benefits that come with an established payment provider.
In addition to Bitcoin rewards, the card offers several other perks. Coinbase will waive trading fees on the first $500 earned in trades through the card, encouraging more crypto transactions. Holders of the USDC stablecoin can access enhanced rewards, while validators on Coinbase’s Base blockchain will benefit from increased transaction credits and staking incentives. The card also includes standard American Express benefits such as retail purchase protection, extended warranties, exclusive offers, and emergency assistance services.
However, Coinbase has clarified that not all purchases will earn Bitcoin rewards. Transactions related to gambling or betting are explicitly excluded from the rewards program. This move reflects a cautious approach to ensure responsible usage while maximizing benefits for most everyday spending. Overall, the Coinbase One Card represents a significant step in mainstreaming cryptocurrency rewards and expanding the practical use of digital assets in daily financial activities.
