The innovative card is set to be rolled out to Coinbase One subscribers, who enjoy benefits such as zero transaction fees, priority customer support, and increased staking rewards in exchange for a monthly subscription fee. The Coinbase One Card is designed to provide up to 4% in bitcoin rewards on every purchase made.

The rewards are calculated based on the amount of cryptocurrency an individual holds on Coinbase. Powered by the American Express network, the card is slated for a fall release, as per information on the company’s website.

In 2021, Gemini, a rival crypto exchange, launched its own credit card in collaboration with Mastercard, which offers users up to 3% in bitcoin and other crypto rewards. Coinbase had previously indicated plans to introduce a U.S.-based perpetuals trading platform during its unveiling of a 24/7 derivatives trading platform in May.

At the time of publishing, Bitcoin was trading at $107,748.034 with a trading volume of $32 billion over the past 24 hours, according to The Block’s Bitcoin price page.

Disclaimer: This article is for informational purposes only and should not be considered as legal, tax, investment, financial, or other advice.

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