Regulation● Neutral

Coinbase Gets Final OCC Approval for Federal Trust Bank Charter

TradingGain Newsroom·1d ago·09 Nov 2026, 11:50 UTC

Coinbase has received final approval from the US Office of the Comptroller of the Currency (OCC) for a federal trust bank charter, along with Circle and Ripple. The exchange plans to move its institutional crypto custody business under federal oversight, building on its 2018 New York trust charter. For traders, this shift toward federal supervision could signal clearer rules for how large crypto firms hold client assets.

XRPAt the time of writing, XRP traded at $1.08 (-7.28% in 24h).Live price →

Why it matters

Coinbase's institutional crypto custody business will move under federal oversight.
The move builds on the trust charter Coinbase already holds in New York since 2018.
Circle and Ripple also received the same final OCC approval, signaling broader regulatory acceptance.

What to watch next

Watch for Coinbase's timeline for moving its custody business under federal oversight and any further OCC decisions affecting other crypto firms.

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This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.