Coinbase wins final OCC approval for its national trust charter
The federal banking regulator moved Coinbase National Trust Company from conditional to full approval. It is a custody charter: no deposits or loans, and no change announced for app users.
· Announced · Verified 2026-11-09 via official announcement
Announced Nov 9, 2026: Coinbase wins final OCC approval for its national trust charter. Affects: Institutions and custody clients of Coinbase first. Source: coinbase.com, verified Nov 9, 2026. Coinbase code 33NYAA8.
Coinbase said on 9 November 2026 that the US Office of the Comptroller of the Currency (OCC) has given final approval to charter Coinbase National Trust Company, which it says lets it expand its custody business under a federal regulatory framework. The OCC approved the application on Friday, 6 November; the charter had received conditional approval on 2 April 2026.
A national trust charter lets a firm offer federally supervised custody and related services. It does not make Coinbase a commercial bank: the trust company does not take deposits or make loans, and assets held at a trust are not covered by federal deposit insurance. American Banker reports the OCC signed off on Friday, 6 November, and that Coinbase says its first focus is custody of digital assets, later moving into stablecoin issuance, white-label stablecoins for other companies and payments.
Coinbase said in April that its New York BitLicense and New York state trust charter stay in place, and Coinbase, Inc. remains under New York's financial regulator. The reports do not say whether or when any existing customer accounts or assets will move to the new trust company, and Coinbase has not announced changes to trading, fees or availability in the Coinbase app.
The OCC gave Ripple a final trust charter in late October. A banking trade group, the Independent Community Bankers of America, has sued the OCC over how it grants trust charters to crypto firms; that case is still open.
“We've received final approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company (CNTC), a milestone which allows us to expand our industry-leading custody business under a federal regulatory framework.”
— Rick Schonberg, Coinbase blog, 9 November 2026
Who this affects
Institutions and custody clients of Coinbase first. No change to retail trading on Coinbase has been announced.
Coinbase at a glance
Coinbase is a US-listed (Nasdaq: COIN) custodial crypto exchange and broker. Simple buys and sells carry a spread plus a Coinbase fee, Coinbase Advanced is a maker/taker order book, and since 2025 the app has offered DEX trading of onchain Base and Solana tokens through an integrated self-custody wallet.
More from the newsroom
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Coinbase blog - Coinbase launches National Trust Company with federally regulated, institutional-grade custody offering (2026-11-09) — checked 2026-11-09
- CoinDesk - Coinbase gets full U.S. trust charter from federal banking regulator (2026-11-09) — checked 2026-11-09
- Bloomberg - Coinbase Gets Final Regulatory Stamp For Trust-Bank Charter (2026-11-09) — checked 2026-11-09
- American Banker - Coinbase gets final OCC charter approval (2026-11-09) — checked 2026-11-09
- Coinbase blog - Coinbase Receives Conditional OCC Approval (2026-04-02) — checked 2026-11-09
- CoinDesk - Coinbase wins initial OCC nod for trust charter (2026-04-02) — checked 2026-11-09
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