Coinbase, the largest cryptocurrency exchange based in the United States, has received conditional approval from the Office of the Comptroller of the Currency for a national trust charter.
This development marks a significant step toward clearer regulation and reflects years of strict compliance efforts along with active engagement with regulators.
The approval does not mean Coinbase will become a traditional commercial bank. Instead, it introduces consistent federal oversight for the company’s existing custody and market infrastructure services.
The OCC charter is designed to protect customer assets, and Coinbase intends to use it to provide institutional level security and consistent regulatory standards for assets held on behalf of clients.
Greg Tusar, Co Chief Executive Officer of Coinbase Institutional, commented on the milestone, stating that the achievement represents progress not only for Coinbase but for the broader industry. He emphasized that innovation and accountability can coexist and added that the company looks forward to working closely with the OCC as it fulfills the conditions of approval while continuing to build a more effective financial system.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
