- Key insight: Crypto.com’s parent company Foris DAX received conditional approval from the OCC to operate a national trust bank for cryptocurrency.
- Expert quote: Pitchbook analyst Rudy Yang says that fintechs and crypto firms have been applying for charters within the last year due to a regulatory “now-or-never moment.”
- Forward look: More crypto firm charter applications are pending, including ones from Coinbase and World Liberty Financial.
Crypto.com is the latest cryptocurrency exchange to receive conditional approval for a national trust bank charter from the Office of the Comptroller of the Currency.
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The platform’s parent company, Foris DAX, received conditional approval on Friday. According to
