Coinbase has applied for a US National Banking License.
Date: 2025-10-06 Author: Gabriel Deangelo Categories: BUSINESS
Coinbase, the largest US cryptocurrency exchange, has applied for a National Trust Charter with the US Office of the Comptroller of the Currency (OCC). The company views this move as a way to expand its capabilities and strengthen regulatory oversight by creating a platform for integrating digital assets into the modern financial system.
Coinbase emphasized that it does not plan to become a full-fledged bank. However, the license will allow it to launch new services beyond crypto asset custody, including payment solutions with transparent regulatory support and increased trust among institutional clients. Exchange representatives noted that clear rules and regulatory oversight facilitate the safe implementation of innovation and enhance user confidence.
After approval by the OCC, Coinbase will be able to more quickly develop new products and facilitate the integration of digital assets into the traditional financial space. This will also ensure simplified regulatory processes for future services and a unified approach to oversight.
The company also clarified that its subsidiaries, Coinbase Custody Trust Company (CCTC) and Coinbase Inc., will continue to operate under the supervision of the New York State Department of Financial Services (NYDFS), which has regulated the crypto industry through the BitLicense system since 2015. Coinbase believes this experience formed the foundation for its federal license application.
It's worth noting that Coinbase follows the example of other crypto companies, such as Circle, Paxos, and Ripple, which are also applying for a similar license. The exchange stated its willingness to cooperate with the OCC during the application review process and take into account all comments from the regulator and the public.
This move is consistent with Coinbase's broader strategy. Previously, the company unveiled NodeSmith, an AI-powered system for automating blockchain node updates, and announced its intention to become a "financial super app" that integrates key digital finance services.
Meanwhile, US banks recently called on the OCC to suspend consideration of crypto companies' banking license applications, adding further momentum to the sector's development. Coinbase, meanwhile, is confident that obtaining a license will strengthen the company's market position and prepare it for future changes in the financial industry.
