Coinbase One Card now available to US users, offering Bitcoin rewards

Coinbase is removing the waitlist for its Coinbase One Card, opening applications to the hundreds of thousands of Americans who had previously registered their interest in the card. Launched in partnership with American Express, the Coinbase One Card offers users up to a 4% Bitcoin reward based on the amount of cryptocurrency they hold on the exchange. All cardholders start with a 2% cashback on Bitcoin, but this can be increased to up to 4% by depositing more cryptocurrency on the platform. The company says early cardholders have deposited over $200 million into the platform to increase their rewards. To date, cardholders have spent over $100 million, an average of $3,000 per month.