Coinbase has received final approval from the Office of the Comptroller of the Currency to charter Coinbase National Trust Company. This charter brings Coinbase's institutional crypto custody business under a single federal regulator, building on its existing New York trust charter.
Coinbase might become or at least is trying to become a bigger name than Bitcoin is.
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This is big for Coinbase. Getting a federal charter means they can now play at the same level as traditional banks for custody. It shows crypto is slowly becoming part of the normal financial system.