Coinbase receives conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national trust institution

2026-04-02 18:02:02

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ChainCatcher message, according to official information, Coinbase has received conditional approval from the Office of the Comptroller of the Currency (OCC) in the United States to establish a national trust institution. Coinbase stated that after obtaining this license, it will not convert into a commercial bank, will not accept retail deposits, and will not implement a fractional-reserve system. Federal regulation through the Office of the Comptroller of the Currency (OCC) will bring consistency and uniformity to its custody business, and will lay the foundation for new products, including payment and related services, to better serve institutions and individuals.

Coinbase stated that the company will continue to operate under the supervision of the New York State Department of Financial Services (NYDFS). NYDFS’s BitLicense and the state trust charter will remain valid.

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