Coinbase receives final approval from the OCC for a national trust bank

Coinbase will move its entire custody business into the new federally chartered entity over three years, as community bankers challenge the OCC’s crypto charter approvals in court. Coinbase has received final approval from the Office of the Comptroller of the Currency (OCC) to establish the Coinbase National Trust Company (CNTC) . This brings the company’s institutional crypto custody services under federal oversight. The OCC approved the application on Friday, November 6, after the regulator had previously granted preliminary, conditional approval on April 2 – six months after the company submitted its application in October 2025.