America’s biggest crypto exchange Coinbase became the latest company in the digital asset space to apply to the Office of the Comptroller of Currency (OCC) for a national trust charter.
The public company announced the move on Friday, following in the footsteps of stablecoin issuers Circle and Paxos, and fintech Ripple.
If approved, Coinbase said it would be able to faster offer products and services, and further innovate “to integrate digital assets into traditional finance,” the company said. The license allows companies—that aren’t banks—to oversee their own reserves and take custody of assets for institutions.
“Coinbase has no intention of becoming a bank,” the exchange said. “It is our firm belief that clear rules and the trust…
Oct 04 2025
