Coinbase Joins Ripple as OCC Gives Green Light to Trust Bank Charter

Coinbase has secured full approval for its national trust bank charter as the biggest US crypto exchange moves beyond the conditional status it received earlier this year. The US Office of the Comptroller of the Currency (OCC) has signed off on the Coinbase National Trust, allowing the exchange to operate under a fully approved federal trust charter. Firms Line Up for Bank Charters The company received provisional approval in April, which opened the door to federally regulated custody and payment services, but did not allow it to take customer deposits or issue loans like a traditional bank. Coinbase said it spent the following months building compliance systems, hiring the required staff, and going through regulatory reviews before receiving the final approval.

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