For holders assessing custody providers, Coinbase’s reported national trust bank approval concerns federally regulated custody and payment services—not authorization to operate as a full-service bank that takes deposits and makes loans.
In a report published on November 9, 2026, at 18:06:47 (UTC+8), Jinse Finance, citing CoinDesk, said Coinbase had announced that the U.S. Office of the Comptroller of the Currency (OCC) formally approved the national trust bank charter for Coinbase National Trust. The charter had previously held conditional approval.
The entity received preliminary approval in April 2026 to provide federally regulated custody and payment services. According to Coinbase, final approval followed several months of building compliance systems, hiring required personnel and undergoing regulatory review.
The source did not disclose the charter’s specific effective date or detailed scope of permitted activities. The reported approval therefore should not be read as confirmation of broader banking powers beyond those described.