Coinbase Seeks Federal Trust Charter for Enhanced Crypto Compliance

Coinbase has filed for a federal trust charter, seeking to strengthen its regulatory compliance and expand its capabilities in the financial industry. The application aims to integrate cryptocurrencies with traditional finance systems while staying outside the scope of becoming a full-fledged bank, according to the San Francisco headquarters announcement. This initiative is focused on aligning crypto assets with U.S. financial regulations, potentially impacting major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).