Coinbase requests a license from national trust charter

Us Crypto Exchange Coinbase asked for a license to provide wider payments and childcare services, aimed at filling the gap between crypto and traditional finances.

The exchange aims at the Charter Statute of the National Trust Company, which would give it more authority to hold customer assets, process payments and offer financial services.

“The Charter would continue to open up opportunities for Coinbase to launch new products beyond the guard, including payments and related services, with the confidence of regulatory clarity,” he said in a statement.

Coinbase said that “he does not intend to become a bank”, saying that the license is one of its broader strategy “to fill the gap between the cryptographic economy and the traditional financial system”.

Coinbase shares have climbed 2% on news, according to Google Finance.

Coinbase Action Price (Source: Google Finance)

Coinbase is hidden against “the speaking?”

This decision could also be a way to mitigate the risk that banks will close the customer in Coinbase in the event of rehearsal of operation of operation.

The Choke Point operation was launched around 2013 by the United States Ministry of Justice (DoJ) and aimed to investigate banks and their relations with certain industries deemed “at high risk” of fraud or money laundering.

As part of the former Joe Biden administration, many Crypto companies have indicated that banks restricted customer access.

Although the regulatory pressure against cryptographic companies was held in the context of the Donald Trump administration, some companies have always pointed out that banks calmly refused the service or “debante” cryptographic companies.

The cryptography market is global and we need national uniform rules to protect each consumer while the market continues to evolve.

This is why we applied for a @Usocc Charter of the national trust and federal regulatory surveillance and clarity it provides.

– Coinbase 🛡️ (@coinbase) October 3, 2025

In a podcast This was published Thursday, a former Coinbase employee named Yuke Youngblood explained that the license that Coinbase has applied would allow the exchange to “offer ramp and outdoor ramp services”.

This would then remove the need for Coinbase to work with the banks so that customers can deposit and remove the fiduciary currency.

Today, the main regulated Coinbase daycare service is operated via Coinbase Pustody Trust Company (CCTC). The entity is authorized under the license regime of New York State, which was introduced in 2015 and was one of the former American regulation models at the level of the crypto.

Coinbase said in his declaration that the approval of the charter license of the National Trust Society would also allow him to develop beyond childcare services and open the door to exchange to launch payments and other related offers under clearer regulatory directives.

Other crypto companies have requested the national trust charter

Coinbase is not the only cryptographic company that seeks to fill the gap between digital assets and traditional financial markets.

In July, USD Coin (USDC) Circle from Stablecoin issuers applied a national trust in the United States. Shortly after, Ripple Labs also asked for the same license.

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