COIN received conditional OCC approval to operate a trust bank, enabling nationwide custody and opening paths to payments, settlement, tokenized products and an integrated 'everything' exchange. The clearance allows Coinbase to offer deposit-taking, custody and settlement services that can expand revenue streams, reduce counterparty risk and deepen its role as crypto financial infrastructure. This is a transformational regulatory milestone for the company and could shift competitive dynamics in custody, tokenization and crypto payments.
COIN received conditional OCC approval to operate a trust bank, enabling nationwide custody and opening paths to payments, settlement, tokenized products and an integrated 'everything' exchange. The clearance allows Coinbase to offer deposit-taking, custody and settlement services that can expand revenue streams, reduce counterparty risk and deepen its role as crypto financial infrastructure. This is a transformational regulatory milestone for the company and could shift competitive dynamics in custody, tokenization and crypto payments.
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