Coinbase Applies for US Banking License, Joining Growing Pack of Crypto Firms – Decrypt

Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.

America’s biggest crypto exchange Coinbase became the latest company in the digital asset space to apply to the Office of the Comptroller of Currency (OCC) for a national trust charter.
The public company announced the move on Friday, following in the footsteps of stablecoin issuers Circle and Paxos, and fintech Ripple.
“Coinbase has no intention of becoming a bank,” the exchange said. “It is our firm belief that clear rules and the trust of our regulators and customers enable Coinbase to confidently innovate while ensuring proper oversight and security.”
“If approved, the charter would continue to open up opportunities for Coinbase to launch new products beyond custody, including payments and related services, with the confidence of regulatory clarity, fostering broader institutional adoption,” the company added.
This is a breaking news story and will be updated.
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Homepage > News > Business > Who wants to be an entrepreneur? Starting your own business is tough, as any entrepreneur will tell you. Thankfully, people still want to do it because those new businesses, if they survive, will provide jobs for the rest of us in the years to come. title=”YouTube video player” frameborder=”0″ allow=”accelerometer;…
Rebeca Moen Jul 12, 2025 05:34 According to data from Farside Investors, the WisdomTree Bitcoin ETF registered zero inflows on Friday, signaling a notable pause in institutional activity that could reflect broader market uncertainty surrounding cryptocurrency investments. According to data from Farside Investors, the WisdomTree Bitcoin ETF…
One of the leading decentralized exchanges received words of encouragement from a prominent figure in the crypto space. Even though the project’s results are significant, it can’t seem to return to its prior feats, and there are growing concerns about governance. More Room to Grow Matt Hougan, Chief Investment Officer at Bitwise, the largest provider of…
Back in December 2025, the Global Blockchain Business Council (GBBC), a Hedera Strategic partner member, became the official partner to the UK’s All-Party Parliamentary Group (APPG) on Digital Markets and Digital Money. The partnership deserves a lookback after it marked a significant leap in strengthening collaborations between policymakers and the global digital asset industry, with…
Trump Pardons Binance CEO Changpeng Zhao, Crypto World Reacts Anonymous Thu, 10/23/2025 – 15:59 Source link
El Salvador’s President, Nayib Bukele, recently shared that the country’s adoption of Bitcoin (BTC) as legal tender has not lived up to his initial hopes. During an interview with Time magazine, published on August 29, Bukele admitted that while the adoption of Bitcoin in El Salvador has been a “net positive,” it hasn’t been as widespread as he anticipated. He…