Coinbase, the largest cryptocurrency exchange in the United States, has become the latest company in the digital assets field to apply for National Trust Charter status with the Office of the Comptroller of the Currency (OCC).
The public company announced the move on Friday, following stablecoin issuers Circle and Paxos and fintech Ripple.
“Coinbase does not intend to become a bank,” the exchange said. “With clear rules and trust from regulators and customers, we are confident that Coinbase can innovate with confidence while ensuring appropriate oversight and security.”
“If approved, this Charter will continue to open opportunities for Coinbase to launch new products beyond custody, including payments and related services, while remaining confident in regulatory clarity, facilitating broader institutional adoption,” the company added.
This is breaking news and will be updated.
