Coinbase Receives Official National Trust Bank Charter from the OCC
BIBIBI
AT A GLANCE
Coinbase National Trust has received an official national trust bank charter from the OCC, but it still cannot accept deposits or make loans.
Article
Coinbase Granted Formal National Trust Bank Charter by U.S. OCC
BlockBeats news, November 9, The Office of the Comptroller of the Currency (OCC) has upgraded its conditional approval for Coinbase National Trust to a formal national trust bank charter.
Coinbase previously received conditional approval from the OCC in April 2026 to provide federally regulated custody and payment services, but could not operate as a full-service bank that accepts deposits and makes loans.
Original link https://m.theblockbeats.info/flash/376324
Key points
01
BlockBeats said that the U.S. Office of the Comptroller of the Currency (OCC) has upgraded Coinbase National Trust's conditional approval to a formal national trust bank charter.
02
Coinbase received conditional approval from the OCC in April 2026.
03
Previously approved to allow Coinbase to provide federally regulated custody and payment services.
04
It was previously approved that it is not allowed to operate as a full-function bank that takes deposits and issues loans.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that the relevant entity under Coinbase has obtained a more formal federal trust bank charter, allowing it to provide federally regulated custody and payment services, but it is not equivalent to an ordinary full-service banking license.
Why it matters to readers
The scope of the license involves custody and payment services, which may affect the development of Coinbase's related compliance business; the report did not indicate any changes to the authority to accept deposits or issue loans.
A "trust bank license" does not mean that all banking business can be handled; the key is to look at the specific scope of services approved by the regulator.
Risks and unknowns
The evidence does not include an official OCC announcement or official Coinbase documents.
No license number, official documents, or complete approved scope of business has been provided.
It is not stated whether the licence is subject to ongoing conditions or other restrictions.
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OCC
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