Coinbase gets conditional US approval for trust charter, Bloomberg News reports

VoM News Desk | April 2, 2026 | 10:08 PM IST | Breaking News, Business, World | Follow on Google News

Coinbase gets conditional US approval for trust charter, Bloomberg News reports

April 2 (Reuters) – Coinbase Global (COIN.O), opens new tab has received conditional approval from banking regulators for a national trust company ​charter, Bloomberg News reported on Thursday, in ‌a move that could boost the biggest U.S. cryptocurrency exchange’s appeal among large institutional investors.

Full approval from the ​Office of the Comptroller of the Currency ​would let Coinbase operate as a federally regulated crypto custodian.

Greg ⁠Tusar, the company’s vice president of product ​management, told Bloomberg in an interview that a ​complete nod could also help the firm offer new products such as tokenized securities and allow it to ​issue stablecoins.

“The ability to have a federal ​framework for our custody business is important,” Tusar told Bloomberg. “This ‌is ⁠about us growing our reach and being able to conduct new business that we may not have been able to before.”

The U.S. has been taking a more crypto-friendly approach ​since the re-election of President Donald ​Trump, ⁠with regulators easing prior curbs and dialing back enforcement actions.

Earlier this year, Crypto.com also received conditional approval ⁠from ​the Office of the Comptroller ​of the Currency for a national trust bank charter.

VoM News Desk

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