Coinbase wins final OCC approval – Why COIN stock remains under pressure

Coinbase has finally received the receipt for the final approval for a national trust bank charter. The Office of the Comptroller of the Currency (OCC), the U.S. regulator responsible for supervising national banks, granted Coinbase final approval last week, following conditional approval in April 2026. Coinbase journey from April to November 2026 That said, the initial approval meant Coinbase had met certain requirements to move forward, but it still needed to address outstanding regulatory conditions before receiving full authorization. But over the following months, Coinbase took all the steps to satisfy the OCC's requirements for operating as a national trust bank. Given the approval, the charter will now allow Coinbase to provide crypto custody services and develop payment-related operations under a federal regulatory framework.

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