Coinbase launches travel portal for One Card holders, offers 5% back in Bitcoin

Coinbase launched a mobile-only travel portal inside its app for eligible U.S. Coinbase One Card holders, letting users book flights, hotels, and car rentals through a Booking.com partnership while earning 5% back in Bitcoin with no monthly rewards cap. The move expands Coinbase’s card ecosystem, increases app engagement, and creates a new revenue loop via interchange fees, but it also raises margin questions because the reward rate may exceed typical interchange economics. The company also introduced USDC collateral support for card access, reinforcing its broader push into integrated financial products. For Bitcoin, the story is more about adoption and retail utility than immediate price action, though rewards are paid in BTC and could be affected by volatility.