Coinbase receives full approval from the US Office of the Comptroller of the Currency (OCC) to become a nationally chartered trust bank, moving from a previously granted conditional approval.
Outlets describe the OCC’s action as the final step in elevating Coinbase’s trust status and bringing its institutional crypto custody activity under federal oversight. Several reports also note that the company has had earlier trust arrangements, including a New York trust charter dating to 2018, and that its federal charter plans have been in development for more than two years.
Reporting differs mainly in emphasis. Some focus on the procedural milestone—conditional approval in April becoming full charter approval—while others highlight what the charter enables. Coverage includes mentions of plans to expand institutional crypto custody and, in at least one case, exploring digital asset payment products.
Overall, the sources align on the OCC granting Coinbase a full national trust bank charter and that it follows a conditional approval period.
