The $4 trillion banking giant JPMorgan, once a vocal crypto skeptic, has finally entered the industry with the launch of a USD deposit token on Coinbase’s Base blockchain.
J.P. Morgan’s blockchain infrastructure and solutions platform Kinexys announced JPMD’s pilot program, a permissioned bank deposit token available only to the company’s approved institutional clients.
Landing JPMorgan’s first public crypto venture is a major win for Base, highlighting its sub-second, sub-cent, 24/7 settlement. Prominent analysts believe JPMD could mark the start of mass crypto adoption on Base, which bodes well for assets already live on the chain.
It also underscores the growing importance of multi-chain crypto wallets like Best Wallet. While Ethereum and Solana have long battled for dominance, Base has suddenly emerged as a major contender in the blockchain infrastructure ecosystem.
Regardless, Best Wallet users don’t need to scramble to create a new Base-compatible wallet. Best Wallet already supports the Base network and is on track to integrate over 60 chains soon.
Is JPMD Bullish For Crypto Prices?
“J.P. Morgan is bringing bankin onchain”, Base said in an X post after the banking giant’s decision to launch a permissioned stablecoin-like token.
Within days, JPMorgan is expected to move a set amount of JPMD from its digital wallet to Coinbase, Kinexys’s global co-head Naveen Mallela said in an interview.
JPMD’s pilot program will start with its institutional clients and will later be offered to other users and in various currency denominations.
While it’s uncertain if JPMD will have an immediate effect on prices, its symbolic value is undeniable – a longtime crypto skeptic, with over $4 trillion in asset under management, is now offering on-chain banking services.
Earlier this year, JPMorgan Chase’s CEO Jamie Dimon also bent the proverbial knee to Bitcoin, or at least investors’ right to buy the largest crypto asset. “Go at it”, Dimon told the audience at the company’s Investor Day.
This marks a major reversal from the time when JPMorgan’s top executive threatened to fire employees for buying Bitcoin.
Moreover, the bank has also confirmed that it will allow clients financing and loans against their spot Bitcoin ETF holdings, which could explain the staggering inflows recorded by BlackRock’s IBIT.
Meanwhile, The ETF Store President Nate Geraci revealed that JPMorgan representatives recently met US President Donald Trump’s Crypto Task Force.
One of the key discussion points was ‘reviewing the potential impact of existing capital markets activity migrating to public blockchains.’
Meanwhile, JPMorgan’s JPMD debut could kickstart mass adoption of the Coinbase’s Base chain.
For instance, Coinbase is seeking the SEC’s approval to offer blockchain-based stocks. It is fair to assume that these stocks will be tokenized on Base.
This sudden institutional interest and a potential flush of capital in the Base ecosystem is bullish for tokens already live on the chain. It wouldn’t be a surprise if Base meme coins like Brett, Degen and Toshi are among the top performers once the crypto bull market resumes.
Best Wallet users have an advantage in this regard. They don’t need to scramble to create a new wallet and can buy Base coins today itself. Soon, they will be able to invest in assets on 60-plus chains.
Best Wallet – The Best Crypto Wallet To Invest In Base Coins
Best Wallet is a popular multi-chain, non-custodial and no-KYC crypto wallet.
Experts continue to state that the future belongs to multi-chain wallets. Over the past week, JPMorgan has launched a token on Base, Cantor Fitzgerald has said that SOL is a better treasury reserve asset than ETH and Trump-linked investment bank is supporting Tron Inc going public in the United States.
It is, therefore, no surprise that multi-chain wallets like Best Wallet are rising in demand.
Best Wallet already supports Bitcoin, Ethereum, BNB Smart Chain, Polygon and Base, with Solana and Dogecoin networks coming down the pipeline. Soon, it will offer all wallet functionalities for 60-plus chains.
However, it isn’t just a crypto ecosystem either. Best Wallet is aiming to be a one-stop shop for all things crypto and will soon add features like options and futures trading, portfolio management, market insights dashboard, NFT gallery, in-app news feed and more.
The project aims to capture 40% of the $11 billion non-custodial crypto wallet market. Unsurprisingly, its native token, BEST is in high demand and has already raised nearly $13 million in its presale.
Many analysts have called the Best Wallet Token the next 10x crypto.
Visit Best Wallet Website
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Source: https://en.cryptonomist.ch/2025/06/18/jpmorgans-new-crypto-launch-on-base-best-crypto-wallet-to-buy-base-chain-coins/