Coinbase National Trust Company's federal charter became effective on Nov. 6, according to the OCC's public application record. The regulator granted conditional approval in April, and Coinbase completed its pre-opening requirements before the charter took effect. The approval brings its national trust operation under federal banking supervision. Coinbase filed the application in October 2025.
The charter covers trust services, including digital asset custody, but does not authorize ordinary retail deposits or commercial lending. Coinbase Vice Chairman Ryan VanGrack said the firm had spent years seeking “clear rules and rigorous oversight.” Separately, the Independent Community Bankers of America has sued the OCC, arguing that the regulator exceeds its authority when granting national trust charters to crypto companies.
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