Coinbase Secures Full US Trust Charter as OCC Expands Crypto Banking Access
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Coinbase has received full approval from the U.S. Office of the Comptroller of the Currency for a national trust bank charter, upgrading its custody arm from conditional to fully chartered status. The designation places Coinbase's custody business under a direct federal banking framework rather than a patchwork of state oversight. The OCC's move is part of a broader expansion of crypto banking access, and the charter covers custody services rather than the exchange's trading operations. It matters because federal trust status could let Coinbase court institutional clients that require bank-grade custodial arrangements. What to watch next is whether other major exchanges pursue similar national trust charters and how quickly Coinbase scales institutional custody under the new framework.
Muhabbit's AI wrote this summary in its own words from Coinpedia's report. It can get details wrong, so check the source.
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Coinbase (COIN), Office of the Comptroller of the Currency
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