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Coinbase has received conditional approval from the OCC to obtain a national trust charter.

2026-04-03 13:00:03

Coinbase Gains OCC Approval for National Trust Company Charter

Coinbase just scored a conditional approval from the OCC. The green light allows the exchange to set up Coinbase National Trust Company.

This isn't about becoming a commercial bank, Coinbase emphasized. The new entity won't take retail deposits or engage in fractional-reserve banking. Instead, it's about creating a unified federal framework for its long-standing custody and market infrastructure businesses.

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Coinbase said it will keep its NYDFS BitLicense and state trust charter oversight. But the OCC trust charter will give it a compliance foundation to develop new products like payments.

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