Coinbase is now a chartered trust bank after winning approval from the Office of the Comptroller of the Currency (OCC) to create Coinbase National Trust Company (CNTC).

Coinbase is one of the leading crypto trading platforms, but the company has been working to take the next step , especially as crypto becomes more mainstream.

For over 14 years, Coinbase has safeguarded digital assets at scale, and today, thanks to the continued trust and support of many of the world’s largest financial services firms, we are the leading crypto custodian globally. Custody is foundational to our business and we have built our offering on a sustained commitment to security, compliance, and regulatory oversight.

This charter allows us to bring clear and consistent federal uniformity to our industry-leading custody capabilities, and strengthens the regulatory framework under which we serve customers.…