Coinbase gains US national trust charter, plans migration of crypto custody business

Coinbase has received a US national trust charter, enabling its new federally regulated institution to offer cryptocurrency custody as the exchange moves operations away from its current New York-regulated trust company. The Office of the Comptroller of the Currency (OCC) confirmed that the charter for Coinbase National Trust Company became effective on November 6, 2026, after gaining preliminary approval on April 2. Coinbase publicly announced this final authorization on November 9. This development broadens Coinbase’s capabilities for institutional digital asset custody, though the charter does not designate Coinbase as a standard commercial bank. Instead, the institution is now federally supervised specifically for fiduciary digital asset safekeeping services. Coinbase National Trust Company is permitted to hold digital assets and related fiat currency for institutional clients.

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