America's Largest Crypto Exchange Coinbase Has Received a Full Trust Bank License

Coinbase said the U.S. Office of the Comptroller of the Currency has upgraded its conditional trust bank approval to a full charter for Coinbase National Trust, completing a process that began with conditional clearance. The designation lets the largest U.S. crypto exchange operate a federally regulated trust company, a structure it has pursued to hold customer assets and expand institutional custody services. The approval does not change Coinbase's core exchange business but adds a national bank-style regulatory footing as it competes with custodians and traditional financial firms entering digital assets. Terms such as capital requirements and permitted activities under the trust charter were not detailed in the report. What to watch next is how quickly Coinbase scales custody and settlement offerings under the charter and whether other exchanges pursue similar federal trust status.