Coinbase gets bank regulator nod for custody

Coinbase has received conditional approval from the Office of the Comptroller of the Currency for a national trust company charter. This preliminary green light is a significant step toward operating as a federally regulated crypto custodian. The approval is contingent on Coinbase meeting several requirements, including building robust compliance systems, hiring key personnel, and demonstrating strong risk management and anti-money laundering controls. If finalized, this charter will enable Coinbase to offer non-insured digital asset custody services, aiming to generate more stable revenue from institutional clients beyond trading fees.