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via decrypt.coBusiness & Companies

Coinbase gets final OCC approval for federal trust bank charter

FROM THE WIRE · DECRYPT.CO

The exchange will move its institutional crypto custody business under federal oversight, building on its 2018 New York trust charter.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishMoving institutional crypto custody under federal oversight can strengthen Coinbase's regulated position.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Coinbase receives final OCC approval for a federal trust bank charter.
  2. 02Its institutional crypto custody business will move under federal oversight.
  3. 03The move builds on its 2018 New York trust charter.

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