Overview

• Coinbase filed on Oct. 3 for an OCC national trust charter focused on its custody business, which today operates through Coinbase Custody Trust Company under New York’s BitLicense.
• Greg Tusar said Coinbase has no intention of becoming a bank, underscoring the company’s focus on custody-driven services.
• If approved, the charter would enable Coinbase to offer payments and settlement under federal oversight without seeking state-by-state approvals.
• Coinbase said it will work with OCC staff through the review and address feedback via the public-comment process.
• The move joins active charter bids by Circle, Ripple, and Paxos, while Anchorage Digital remains the only crypto firm to have secured an OCC trust charter.