Coinbase Secures Final OCC Approval for U.S. National Trust Bank Charter

TLDR: Coinbase’s OCC national trust charter became effective on November 6, after conditional approval in April. Coinbase will shift its existing New York-regulated custody business to the trust bank over three years. The OCC requires $60 million in Tier 1 capital and liquid assets covering 180 days of operating expenses. The charter permits institutional crypto [...]

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