From Dealroom · · 40s
Coinbase gets US trust-bank charter
Coinbase becomes first major crypto exchange with full US banking license.
In brief
Coinbase becomes first major crypto exchange with full US banking license. Coinbase received final US trust-bank charter approval, allowing expanded custody services and stablecoin issuance while deepening crypto ties to traditional finance. Originally reported by Dealroom.
New US banking license
Coinbase received final approval from the US Office of the Comptroller of the Currency to become a nationally chartered trust bank.
What changes
The charter lets Coinbase expand custody services, move deeper into payments, and issue its own stablecoins.
Why now
Coinbase's crypto revenue fell 35% to $1.22 billion in Q3 amid lower crypto prices.
The short version
Coinbase received final US trust-bank charter approval, allowing expanded custody services and stablecoin issuance while deepening crypto ties to traditional finance.
