Trust Bank

Coinbase has received conditional approval from the U.S. OCC to operate as a trust bank. This significant step allows Coinbase to offer a broader range of financial products beyond custody services, including payments infrastructure, under federal oversight. While not becoming a commercial bank, this charter grants legal standing, access to banking infrastructure, and enhanced regulatory credibility, positioning Coinbase to compete more directly with payment giants. The move signifies a shift towards a more unified federal regulatory framework for digital assets in the U.S.