Crypto.com Files for US Federal Banking Charter with OCC
Crypto.com has officially applied for a national trust bank charter from the US Office of the Comptroller of the Currency (OCC), the company announced on Friday.
The move aligns the Singapore-based exchange with other major crypto players, including Coinbase, Paxos, and Ripple, in seeking federal regulatory status.
The firm aims to use the charter to enhance its custody services and staking offerings for a wide range of digital assets. This application underscores Crypto.com‘s ambitions to become a leading custody provider for institutional clients such as corporate treasuries and ETF issuers.
The news comes as the exchange continues to process significant trading volume, reportedly exceeding that of its key competitor, Coinbase, in both September and October.
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