{"id":53303,"date":"2025-10-04T18:00:06","date_gmt":"2025-10-04T15:00:06","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=53303"},"modified":"2025-10-04T15:59:19","modified_gmt":"2025-10-04T12:59:19","slug":"coinbase-applies-for-national-trust-charter-not-a-bank","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-applies-for-national-trust-charter-not-a-bank\/","title":{"rendered":"Coinbase Applies for National Trust Charter: \u201cNot a Bank\u201d"},"content":{"rendered":"<p>US-based crypto exchange Coinbase has submitted an application for a National Trust Company Charter with the OCC. With this step, Coinbase joined Circle and Ripple as companies pursuing the same license. The company stated that the license would go beyond the current regulatory framework and emphasized its key role in building a modern financial system powered by digital assets.<\/p>\n<figure id=\"attachment_174514\" aria-describedby=\"caption-attachment-174514\" style=\"width: 509px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-174514\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/coinbase-300x101.webp\" alt=\"coinbase announcement\" width=\"509\" height=\"171\" \/><figcaption id=\"caption-attachment-174514\" class=\"wp-caption-text\"><em>Coinbase applied to the OCC<\/em><\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Coinbase stated that the strategic goal of the application is to \u201cbuild a bridge between the crypto economy and the traditional financial system.\u201d However, the company emphasized that it does not intend to obtain a banking license. The statement said, <em>\u201cClear rules and the trust of our regulators give us the opportunity to innovate. At the same time, they help us ensure appropriate oversight and security.\u201d<\/em><\/p>\n<p><em>You May Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/coinbase-partners-with-major-smartphone-brand\/\">Coinbase Partners with Major Smartphone Brand!<\/a><br \/>\n<\/em><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-applies-for-national-trust-charter-not-a-bank\/#License_Acts_as_a_Bridge_Instead_of_a_Bank\" title=\"License Acts as a Bridge Instead of a Bank\">License Acts as a Bridge Instead of a Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-applies-for-national-trust-charter-not-a-bank\/#Circle_and_Ripple_Join_Coinbases_Move\" title=\"Circle and Ripple Join Coinbase&#8217;s Move\">Circle and Ripple Join Coinbase&#8217;s Move<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"License_Acts_as_a_Bridge_Instead_of_a_Bank\"><\/span>License Acts as a Bridge Instead of a Bank<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Former Coinbase employee Luke Youngblood said the new license will enable the company to build its own payment and transfer infrastructure. This means <strong>Coinbase<\/strong> will be able to offer on-ramp and off-ramp transactions directly, without needing partner banks. Youngblood also revealed that Coinbase&#8217;s retail application has significantly evolved since 2022. He then noted that it operates more efficiently thanks to its \u201chigh-level engineering capabilities.\u201d<\/p>\n<p>Meanwhile, analyst Brendan Pedersen pointed out that trust companies have a more limited scope of activity compared to banks, but that this difference has been narrowing in recent years.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Circle_and_Ripple_Join_Coinbases_Move\"><\/span>Circle and Ripple Join Coinbase&#8217;s Move<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Coinbase&#8217;s application coincided with similar moves by other crypto companies. On July 1, stablecoin issuer Circle applied for a national trust bank license. Ripple Labs soon followed suit, applying for the same license. Ripple CEO Brad Garlinghouse said this approval would be \u201ca new and unique benchmark of trust\u201d in the stablecoin market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US-based crypto exchange Coinbase has submitted an application for a National Trust Company Charter with the OCC. With this step, Coinbase joined Circle and Ripple as companies pursuing the same license. The company stated that the license would go beyond the current regulatory framework and emphasized its key role in building a modern financial system<\/p>\n","protected":false},"author":38,"featured_media":53305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[1114,151,1561,14339,24526,488,24527],"class_list":["post-53303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-circle","tag-coinbase","tag-crypto-exchange","tag-occ","tag-rippl","tag-stablecoin","tag-trust-company-charter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Applies for National Trust Charter: \u201cNot a Bank\u201d - Coin Engineer<\/title>\n<meta name=\"description\" content=\"US-based crypto exchange Coinbase has submitted an application for a National Trust Company Charter with the OCC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-applies-for-national-trust-charter-not-a-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Applies for National Trust Charter: \u201cNot a Bank\u201d - 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