Coinbase Wins Final Federal Approval To Run Crypto Custody Business Under National Trust Charter

The largest US crypto company has won final federal approval to run its custody business under a national trust charter. The Office of the Comptroller of the Currency has just approved the charter for Coinbase National Trust Company, Coinbase says . The approval lets Coinbase run its custody business under one federal framework instead of relying on state licenses. Says Coinbase CEO Brian Armstrong on X, “Trusted custody is essential for bringing more of the financial system on-chain. Coinbase National Trust Company is another step for building that foundation.” The company has operated under New York licenses for years, including a BitLicense and a limited purpose trust charter.

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