Coinbase's US trust bank charter is now in effect
Coinbase's US national trust bank charter has taken effect. The company plans to grow its institutional crypto custody business under the federal charter. This may matter for traders because it could shape how large investors access crypto services.
Why it matters
- Coinbase plans to expand its institutional crypto custody business under the federal charter.
- The company is also exploring digital asset payment products.
- Changes at a major exchange can affect how institutions hold and move crypto.
What to watch next
Watch for Coinbase's first concrete steps on institutional custody growth and any launch of its digital asset payment products.
