Coinbase Joins Circle, Ripple With Final OCC Approval for Federal Trust Bank Charter

Bullish-5.28%

9 Nov, 11:50

Source: Decrypt

AI Summary

Coinbase receives final OCC approval for a federal trust bank charter, joining Circle and Ripple in securing federal banking status to expand institutional crypto custody.

The exchange will move its institutional crypto custody business under federal oversight, building on its 2018 New York trust charter.