In a recent blog post, the cryptocurrency exchange said it had applied for the charter with the OCC to build on its custody business. “Coinbase has no intention of becoming a bank. It is our firm belief that clear rules and the trust of our regulators and customers enable Coinbase to confidently innovate while ensuring proper oversight and security,” the blog post said.
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Coinbase applies to become national trust company
“If approved, the charter would continue to open up opportunities for Coinbase to launch new products beyond custody, including payments and related services, with the confidence of regulatory clarity, fostering broader institutional adoption.”
