America’s largest Crypto Exchange Coinbase has become the latest company in the digital asset space and has applied to the office of the National Trust Charter’s Secretary of Currency (OCC).
The public company announced the move on Friday, following in the footsteps of Stablecoin Issuers Circle, Paxos, and Fintech Ripple.
“Coinbase has no intention of becoming a bank,” the exchange said. “It is our firm belief that clear rules and trust from regulators and customers will enable Coinbase to innovate confidently while ensuring proper monitoring and security.”
“If approved, the Charter will continue to launch opportunities for new products beyond custody, including payments and related services, including regulatory clarity.
This is a broken news article and will be updated.
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