Coinbase receives final approval for federal trust bank charter from OCC

decrypt +2 · 2026.11.09 21:55 KST ·by G4L

1Coinbase announced Monday that it received approval from the Office of the Comptroller of the Currency to establish Coinbase National Trust Company.
2Circle received a trust bank charter in July to manage USDC stablecoin reserves.
3Ripple received a trust bank charter related to the RLUSD stablecoin last month.

So what's the key point?

Coinbase has received government permission to establish a trust bank. This means Coinbase can now perform banking services for managing coins.