Coinbase, the major U.S. crypto asset exchange, announced on September 16 a new partnership that will enable U.S. regional banks and credit cooperatives to offer crypto asset services to their customers. By teaming up with Stablecore, a digital asset infrastructure provider for banks, the arrangement allows financial institutions to introduce crypto asset trading, custody, and settlement through their existing banking services without building their own systems.

Under the partnership, customers of eligible financial institutions will be able to access services including crypto asset trading, custody, settlement, and staking through the online services of the banks and credit cooperatives they already use. Coinbase will provide the…