Coinbase receives effective US national trust bank charter

Reading Time: < 1 minute

Coinbase can now operate as a national trust bank in the US after its charter took effect on Friday, allowing it to hold digital assets for customers in a fiduciary capacity.

The cryptocurrency exchange submitted its application in October 2025 and received preliminary approval from the US Office of the Comptroller of the Currency (OCC) in April 2026.

Through Coinbase National Trust Company, the firm intends to provide institutional customers with segregated custody accounts. Clients will also be able to access staking, financing and trading services offered by other Coinbase entities.

The application also set out plans to explore digital asset payment products and custody services that would allow customers to interact with selected smart contracts.

Several other crypto companies have obtained OCC national trust bank charters, including Ripple, Circle, BitGo, Fidelity Digital Assets and Paxos. Crypto.com and Stripe-owned Bridge have received conditional approval, while Kraken and EDX Markets are seeking their own charters.