Visa has partnered with Coinbase to enable eligible debit card users to instantly deposit and withdraw funds on the exchange.
This service, available to customers in the U.S. and EU, allows real-time transactions for purchasing crypto and cashing out to bank accounts, depending on regional banking conditions. Visa’s announcement on October 29 highlighted that Coinbase already connects millions of users with debit cards, enhancing trading opportunities for those looking to capitalize on market fluctuations.
This partnership emerges amid a stagnation in crypto offerings from traditional finance firms due to the fallout from FTX’s collapse in 2022. The EU’s Markets in Crypto-Assets Regulation (MiCA) is providing clearer guidelines for crypto operations, while U.S. crypto companies are actively influencing upcoming elections to push for favorable regulations.
Visa has previously collaborated with Coinbase on crypto debit cards and has also partnered with FV Bank to support debit cards funded by crypto and cash.
The collaboration signifies a broader trend where traditional financial institutions are increasingly integrating with the cryptocurrency space, aiming to regain consumer confidence and adapt to the growing demand for digital assets. As more companies seek to bridge the gap between crypto and traditional finance, this partnership not only enhances Coinbase’s offerings but also positions Visa as a leader in the evolving financial landscape.
Binance is making significant strides in bridging the gap between traditional finance and the evolving cryptocurrency market.
Belarus is laying the groundwork for a digital version of its national currency, with full deployment expected by late 2026.
Avalanche is quietly emerging as a powerful contender in the evolution of financial infrastructure, with its potential extending far beyond crypto-native applications.
The United Arab Emirates is set to launch its digital dirham, a central bank digital currency (CBDC), by the fourth quarter of 2025.