Coinbase wins conditional approval for national trust bank charter

ChainWatcher · 2026-04-06T23:14:58+00:00

Coinbase aims for a charter to ensure regulatory uniformity in its custody and market infrastructure, enabling new products without becoming a commercial bank. Other crypto firms are similarly applying for charters amid a favorable regulatory environment.

ChainWatcher

2026-04-06 23:14:58

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Coinbase says a charter will bring “federal regulatory uniformity to the custody and market infrastructure business we have been building for years”.

It will also pave the way for new products — including payments and related services — for consumers and institutions.

However, the crypto giant stresses it is not becoming a commercial bank and will not be taking retail deposits or engaging in fractional reserve banking.

Coinbase is one of several crypto firms - including Circle, Paxos and Ripple - to apply for a charter in recent months, taking advantage of more favourable US environment for the sector.

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