The OCC, which supervises national banks in the United States, granted the final authorization last week after Coinbase fulfilled the outstanding conditions attached to its initial approval. The decision allows Coinbase to move forward with trust bank operations under a federal regulatory framework.
What Coinbase's National Trust Bank Charter Allows
With the charter secured, Coinbase can provide cryptocurrency custody services and develop payment-related operations. The approval also supports its stablecoin business, including issuing tokens and managing stablecoins on behalf of other companies.
However, Coinbase National Trust will not operate as a conventional commercial bank. The entity is not authorized to accept deposits from ordinary customers or provide traditional commercial loans.
The final approval follows the conditional authorization granted in April 2026. During the intervening months, Coinbase worked to meet the OCC's remaining regulatory requirements before receiving full approval.
Crypto Bank Charters Face Opposition From Traditional Banking Groups
Coinbase's approval comes amid wider debate over the OCC's decision to grant national trust bank charters to companies operating in the digital asset sector. Traditional banking groups have challenged the regulator's authority to issue certain charters to cryptocurrency firms.
The Independent Community Bankers of America recently filed a lawsuit against the OCC, questioning its legal authority to grant these approvals to digital asset companies.
Coinbase is among several firms identified in the source report as having received the green light for national trust bank status, alongside Ripple, Revolut, Paxos, BitGo and Circle.
Regulatory developments are also unfolding at the Securities and Exchange Commission. The SEC has proposed changes to existing broker-dealer rules covering capital requirements, customer asset protection and recordkeeping for companies handling digital assets.
COIN Shares Fall Despite Regulatory and Financial Developments
Coinbase shares remained under pressure following the OCC approval. COIN traded at $134.76 after declining 1.51% during the previous trading day, according to the figures provided in the report.
The share-price movement came despite several positive developments for the company. Coinbase recently secured a legal victory in New Jersey after regulators dropped their lawsuit concerning its staking services and lifted a cease-and-desist order.
The company also reported net income of $719 million for the third quarter of 2026, compared with $433 million in the same period a year earlier.
Adjusted EBITDA reached $333 million, representing a 60% increase quarter over quarter. Coinbase also recorded its 15th consecutive profitable quarter on an adjusted EBITDA basis.
The OCC's final decision marks a significant regulatory step for Coinbase's custody, stablecoin and payment-related operations. However, opposition from banking groups, evolving digital asset regulations and the performance of COIN shares remain important developments surrounding the company's expansion.
source: ambcrypto
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
