Leading crypto exchange Coinbase announced it has applied for a National Trust Company designation with the Office of the Comptroller of the Currency (OCC) to expand its custody business, joining other crypto firms seeking to benefit from federal regulatory oversight and transparency. In a recent tweet, Coinbase announced the development, which it calls a significant step in expanding its business capabilities and regulatory oversight beyond existing frameworks. The cryptocurrency market is global, and we need uniform national regulations to protect every consumer as the market continues to evolve. That's why we applied for a National Trust Company designation @USOCC and the federal regulatory oversight and transparency it provides. — Coinbase 🛡️ (@coinbase) October 3, 2025 In an official blog post, Coinbase stated that it does not intend to become a bank, and while it seeks national chartering, Coinbase Custody Trust Company (CCTC) and Coinbase will continue to operate under NYDFS oversight. Advertisement If approved, the charter would pave the way for Coinbase to launch new products beyond custodial services, including payments and related services, with the assurance of regulatory transparency, promoting broader adoption by institutional investors. BREAKING NEWS: XRP ETF Approval Countdown Continues with Key Clarifications. Shiba Inu Price Prediction: Will Uptober Be the SHIB Breakout? October Forecast: Bitcoin Seasonality, Macro Trends, Gold Correlation, and ETF Boost. Cryptocurrency Market Forecast: Ethereum (ETH): A Catastrophic Scenario? XRP begins its journey to $4, Shiba Inu (SHIB): $0.000013 not reached On Friday, Coinbase announced a partnership with popular smartphone brand Samsung to bring cryptocurrency to more than 75 million Galaxy users. Ripple, Paxos, Circle seek management licenses Over the past few months, crypto companies, including Ripple, Paxos, and Circle, have applied for management licenses with the Office of the Comptroller of the Currency (OCC). In July, Ripple announced it was applying for a national banking license in the United States, following stablecoin issuer Circle's similar move. In August, stablecoin company Paxos said it had applied for a national trust charter, seeking to convert its New York Department of Financial Services trust charter into a national trust charter under the auspices of the Office of the Comptroller of the Currency.
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