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Coinbase Receives Final OCC Approval to Operate as US Trust Company
(2 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has received final clearance from the Office of the Comptroller of the Currency (OCC) to operate as a US trust company. This approval marks the completion of a regulatory process that allows Coinbase to offer trust and custody services under a federal charter.
WHY IT MATTERS
Think of a trust company like a highly regulated vault operator.
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SOURCES
- thedefiant.io
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OCC RegulationCrypto CustodyInstitutional AdoptionCoinbaseFederal Charter
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