Barclays’ decision to block all cryptocurrency purchases made with Barclaycard credit cards from 27 June 2025 places the bank alongside JPMorgan, Bank of America, Chase UK and Starling, which already forbid or heavily restrict card-funded crypto trades.

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Barclays joins a cohort of major financial institutions, including JPMorgan, Bank of America, Chase UK, and Starling, that have either fully blocked or tightly constrained crypto-related transactions. Industry reaction has been split.

Several UK lenders have taken similar steps. In 2023, JPMorgan Chase’s UK division banned card-funded crypto purchases after a surge in scam claims.