Coinbase Seeks OCC Trust Charter for Expanded Services

Cryptocurrency exchange Coinbase has submitted an application to the Office of the Comptroller of the Currency (OCC) seeking a trust charter. This move aims to streamline oversight and facilitate innovation in integrating digital assets into traditional finance. The OCC charter will allow Coinbase to expand its services across various markets, including Bitcoin, Ethereum, and stablecoins. While this expansion is expected to attract institutional investors who seek regulatory clarity, Coinbase emphasizes that it does not intend to convert into a bank.