TechFlow News, April 2: According to an official announcement by Coinbase, the company has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Coinbase National Trust Company, thereby officially obtaining a federal trust charter.
This charter is specifically designated for custody and market infrastructure services. Coinbase explicitly stated that it will not transform into a commercial bank, will not accept retail deposits, and will not engage in fractional-reserve banking activities. The OCC’s federal trust charter will provide a unified federal regulatory framework for Coinbase’s custody business and lay the groundwork for new products such as payments and related services.
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