Coinbase gets full U.S. trust charter from federal banking regulator
Coinbase has received a full national trust charter from the US federal banking regulator, allowing it to expand its custodial and payment services. This move marks a significant shift in the integration of crypto-native firms into the traditional American financial infrastructure.
Why it matters
This regulatory milestone signals a major step toward the mainstream adoption of digital assets within the US banking system, despite ongoing legal pushback from traditional banking associations.
The Coinbase National Trust had received its provisional approval in April , allowing the company to offer federally regulated custodial and payments services, though not acting as a full-service bank that would take deposits and extend loans. After several months of building out compliance systems, hiring necessary personnel and undergoing regulatory scrutiny, Coinbase said the agency signed off on its full charter.
Coinbase was among many firms in the crypto industry to pursue trust-bank status at the federal level — a trend that accelerated after the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act cleared a path for federal trusts to issue compliant stablecoins. The OCC has embraced crypto firms and stablecoins under the administration of President Donald Trump, including granting a conditional trust status to his family's own World Liberty Financial.
Last month, the OCC also granted Ripple a full trust charter.
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