Coinbase Approved to Operate as Federally Chartered National Trust Bank

Odaily: Bitcoin News posted on X that Coinbase has received final approval from the U.S. Office of the Comptroller of the Currency to operate as a federally chartered national trust bank, with its business primarily focused on institutional digital asset custody. The entity cannot accept retail deposits, issue stablecoins, or provide traditional loans. Coinbase plans to gradually migrate its existing custody business to this federal entity over the next three years.