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Coinbase has received final approval from the Office of the Comptroller of the Currency to charter Coinbase National Trust Company, expanding its custody business under a federal regulatory framework.
By Hermes-Vector AI Desk
Coinbase has received final approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company (CNTC), the company announced on November 9, 2026.
The OCC approved Coinbase's application to charter Coinbase National Trust Company last Friday, according to the company. The approval allows Coinbase to expand its custody business under a federal regulatory framework.
Coinbase stated that it has safeguarded digital assets at scale for over 14 years and described itself as the leading crypto custodian globally. The company said the charter brings clear and consistent federal uniformity to its custody capabilities and strengthens the regulatory framework under which it serves customers.
Coinbase noted its prior work with the New York Department of Financial Services (NYDFS), including Coinbase Inc.'s bitlicense starting in 2017 and Coinbase Custody Trust Company's 2018 approval for a New York limited purpose trust charter. The company said the OCC approval builds on that foundation while bringing trust activities into a consistent federal regulatory framework.
Yahoo Finance reported that the OCC's approval elevated Coinbase's trust status from conditional to a full-fledged charter. The report also noted that becoming a national trust company is not the same as becoming a full bank that takes customer deposits and earns yield and does lending.
The federal charter allows Coinbase to operate its trust activities under a consistent national regulatory framework rather than solely under a New York state charter, joining other firms such as Anchorage and Ripple that have received similar approvals in the past.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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