Coinbase Seeks License to Expand Payments and Custody Services

US crypto exchange Coinbase has applied for a license to offer broader payment processing and asset custody services, aiming to bridge the gap between cryptocurrencies and traditional finance. The exchange seeks National Trust Company Charter status, which would grant it greater authority to manage customer assets, process payments, and potentially provide some financial services. This move underscores Coinbase’s strategy to expand beyond simply offering custody solutions.