PANews reported on October 20 that Coinbase is canceling the waiting list for its Coinbase One Card, opening applications to hundreds of thousands of Americans who had previously registered their interest in the card. The Coinbase One Card is launched in collaboration with American Express and offers users up to 4% Bitcoin rewards based on the amount of crypto assets they hold on the exchange. All cardholders start with a 2% Bitcoin cashback, but by depositing more crypto assets on the platform, the cashback rate can be increased to a maximum of 4%. The company stated that early cardholders have deposited over $200 million on the platform to increase their rewards. So far, cardholders have spent over $100 million, with an average monthly spending of $3,000.
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