📢 USA🇺🇸: cryptocurrency exchange Coinbase receives conditional approval to establish a national trust charter

📢 USA🇺🇸: cryptocurrency exchange Coinbase receives conditional approval to establish a national trust charter

The authorization was granted by the U.S. Office of the Comptroller of the Currency (OCC).

➡️ The approval does not turn Coinbase into a commercial bank, but it will enable the expansion of its payment-related and associated services for both institutional and retail clients.

➡️ The OCC charter covers activities related to asset custody and market infrastructure development, areas in which Coinbase has been active for several years.

➡️ The conditional nature of the approval means that the company must still meet a number of requirements before the license becomes fully effective.

➡️ Context (multi-layered regulation):

➡️ Federal approval does not replace Coinbase’s existing relationship with the New York Department of Financial Services (NYDFS). The company currently operates under a BitLicense issued by NYDFS since 2015.

➡️ The move to establish a national trust structure reflects a broader industry trend, in which digital asset companies seek to operate within existing financial regulatory frameworks, rather than outside them.

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