Coinbase Receives Final OCC Approval for National Trust Bank Charter

Coinbase Global received approval from the Office of the Comptroller of the Currency to establish Coinbase National Trust Company, the company announced on Nov 9, 2026. The new entity will provide digital-asset custody services under a federal regulatory framework. The charter brings Coinbase's custody operations under direct federal oversight by the OCC.

Coinbase described the approval as building on its existing regulatory relationship with the New York Department of Financial Services. The trust bank will operate under a limited-purpose charter focused on custody rather than full-service banking. Financial terms of the chartering process were not disclosed.