Case Study: Coinbase achieves instant crypto-to-dollar spending with Marqeta

Leading cryptocurrency platform uses modern card issuing to unlock new financial opportunities for customers

Coinbase, a leading cryptocurrency platform, faced friction for users who wanted to spend crypto: customers had to sell assets, transfer dollars to a bank, and wait before purchases could be made. To simplify spending and offer a crypto-backed debit card, Coinbase partnered with Marqeta as its issuer processor, leveraging Marqeta’s card issuing platform, Gateway JIT Funding, webhooks, and program management.

Marqeta built and managed the Coinbase Card program—issuing physical, virtual, and tokenized cards and using Gateway JIT Funding to convert a cardholder’s selected cryptocurrency to U.S. dollars in real time at checkout. The Marqeta-enabled solution lets Coinbase users spend balances from 100+ cryptocurrencies wherever Visa® debit is accepted, provides instant transaction confirmations and streamlined KYC and fulfillment, and unlocks faster, mainstream spending and crypto rewards for customers.

Coinbase

Muneeb Imtiaz

Product Manager