Coinbase Global Inc. has taken a significant step towards integrating cryptocurrency with traditional finance by applying for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC). This move aims to solidify its role as a trusted intermediary within the crypto market, potentially fostering increased institutional adoption and regulatory oversight. The application signals a strategic shift in aligning with evolving U.S. regulations and expanding Coinbase’s custodial services under federal guidelines. Coinbase emphasizes that this is not an intention to become a traditional bank but rather to offer advanced custody, settlement, and payment solutions tailored to institutions.