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