Coinbase News: The Exchange Wins Approval to Operate as National Trust Bank

Key Insights: Coinbase receives final OCC approval to operate a national trust bank after completing its chartering process on November 6, 2026. The exchange can offer federally supervised digital asset custody but cannot accept ordinary deposits, issue stablecoins, or make loans. Coinbase plans to move its existing custody business under the new federal trust bank over three years. Coinbase news shows that the exchange has received final OCC approval for a national trust bank charter. This allows its trust unit to offer federally supervised digital asset custody and related services, but not ordinary deposits, lending, or direct stablecoin issuance. The approval follows months of review by the OCC.

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