Washington Just Handed Coinbase a Federal Banking License

Coinbase has been granted conditional approval by the Office of the Comptroller of the Currency (OCC) to charter the Coinbase National Trust Company. This federal charter provides a unified regulatory framework for the company's custody and market infrastructure operations, replacing the previous fragmented state-by-state oversight. The approval does not authorize commercial banking activities, such as taking retail deposits or fractional reserve banking. Coinbase must still meet specific requirements to finalize the charter, which the company expects will enhance its ability to serve institutional and individual clients while laying the groundwork for future financial products.

(Source：BeInCrypto)