Coinbase has received conditional approval to create a national trust company, enhancing its regulatory compliance and operational framework.
Coinbase has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust company, known as Coinbase National Trust Company.
According to the trading platform, this achievement follows years of commitment to compliance and collaboration with regulators, emphasizing that the future of cryptocurrency lies within the regulatory framework.
It is important to note that Coinbase will not transform into a commercial bank and will not accept retail deposits or provide banking services with fractional reserves.
The primary aim of creating the trust company is to promote consistent federal regulation concerning asset custody and market infrastructure.
Coinbase stated that the OCC’s guidelines are intended to ensure clear oversight of custodial assets, which the company plans to adhere to.
This conditional approval signifies the company’s readiness to advance financial market development, with operations subject to direct federal oversight.
Enhanced collaboration with regulators will enable Coinbase to better align its future endeavors in digital asset custody and pave the way for innovative products, including cryptocurrency payment solutions.
This development occurs amidst ongoing discussions in Washington regarding the CLARITY Act related to cryptocurrency legislation, in which Coinbase is actively participating. Currently, the act faces delays in the Senate due to disagreements over restrictions on income from holding stablecoins.
In December 2025, the OCC previously permitted national banks and federal savings associations to facilitate cryptocurrency transactions.
