Coinbase Applies for National Trust Charter to Expand Regulated Crypto Services

Coinbase has filed an utility with the US Office of the Comptroller of the Currency (OCC) for a National Trust Company Charter, marking one other transfer by a significant crypto agency looking for to function inside a extra structured regulatory framework.

The submitting positions Coinbase amongst a rising listing of digital asset corporations pursuing the identical license, together with Circle and Ripple.

Coinbase Says Trust Charter Will Bridge Crypto and Traditional Finance

In a statement on Friday, Coinbase mentioned the constitution would help its long-term goal of aligning extra carefully with conventional finance whereas persevering with to construct on its digital asset basis.

“We’re increasing our enterprise capabilities and regulatory oversight past the prevailing framework, paving the way in which for innovation and development in constructing a contemporary monetary system powered by digital belongings,” the corporate mentioned.

Despite the transfer, Coinbase was clear that it has no plans to develop into a standard financial institution. “Coinbase has no intention of changing into a financial institution.

It is our agency perception that clear guidelines and the belief of our regulators and prospects allow Coinbase to confidently innovate whereas guaranteeing correct oversight and safety,” the assertion learn.

The license, if granted, would enable Coinbase to provide funds and different monetary providers with out relying on third-party banks for on- and off-ramps.

The crypto market is international, and we want uniform nationwide guidelines to shield each client because the market continues to evolve.

That’s why we’ve utilized for a @USOCC nationwide belief constitution and the federal regulatory oversight and readability that it offers.

— Coinbase (@coinbase) October 3, 2025

Luke Youngblood, a former Coinbase engineer behind the trade’s staking program, defined on a latest podcast {that a} belief constitution would give Coinbase the pliability to immediately handle fiat inflows and outflows. “No extra counting on associate banks,” he mentioned.

Youngblood additionally famous how a lot Coinbase’s retail platform has improved since he left in 2022.

“When I labored there, the debit card didn’t work very properly and the app was clunky. Now, you possibly can actually inform they’ve employed some prime engineering expertise.”

The submitting comes at a time when different main crypto gamers are additionally looking for belief licenses. Stablecoin issuer Circle submitted its utility on July 1, adopted carefully by Ripple Labs.

Ripple CEO Brad Garlinghouse described the license as a “new (and distinctive!) benchmark for belief within the stablecoin market.”

TIME Names Coinbase a 2025 ‘Disruptor’ Among Most Influential Companies

As reported, TIME has recognized Coinbase as one of 2025’s 100 Most Influential Companies, labeling the crypto trade a “disruptor” for its important function in shaping US digital asset insurance policies and markets.

TIME famous the trade as a key driver behind the trade’s coverage efforts and predicted Coinbase may develop into the central hub for crypto buying and selling within the US.

Beyond the US, Coinbase is broadening its attain in Europe, securing a license beneath the EU’s MiCA regulatory framework by way of Luxembourg’s monetary regulator.

Notably, Coinbase additionally continued its company Bitcoin accumulation.

In Q2, the corporate bought 2,509 BTC for roughly $222 million, lifting its complete holdings to 11,776 BTC and putting it again among the many prime 10 public holders of the asset, simply forward of Tesla by coin rely.

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