Coinbase secured final OCC approval for a federal trust bank charter, joining Circle and Ripple. Crypto is moving inside the regulated banking perimeter one charter at a time, and that keeps the insti

What happened: Coinbase received final OCC approval to charter Coinbase National Trust Company, moving its institutional crypto custody business under a single federal regulator. Key numbers: OCC approved the application last Friday; conditional approval came in April, seven months earlier; Coinbase has offered regulated custody since 2018. Why it matters: Coinbase joins Circle and Ripple in winning national trust charters this year, while banking groups challenge the approvals in court and Sen. Elizabeth Warren calls them illegal.

Coinbase received final OCC approval to charter Coinbase National Trust Company, moving its institutional crypto custody business under a single federal regulator.

Coinbase joins Circle and Ripple in winning national trust charters this year, while banking groups challenge the approvals in court and Sen. Elizabeth Warren calls them illegal.