Coinbase becomes a subsidiary of the Bundesbank and brings a major bank on board

Coinbase has secured trust bank status in the US, with the largest American crypto exchange now authorized to operate as a fiduciary custodian. The move positions the firm to expand institutional services, including custody and asset management, beyond its core trading business. The article ties the development to a second announcement of the day, in which Coinbase brings a major bank on board, though specific figures such as assets under custody, volumes, or market cap were not disclosed in the excerpt. The designation matters because it gives institutional clients a regulated framework for holding crypto, potentially deepening Coinbase's role as infrastructure for traditional finance. What to watch next is the identity and scope of the bank partnership and whether the trust charter translates into measurable inflows or new custody mandates.