JUST IN: Coinbase Gets Conditional Approval From US Regulator OCC To Operate 'Coinbase National Trust Company'

Here's Why This Is a Big Deal:
Coinbase just received conditional approval from the Office of the Comptroller of the Currency (OCC) to create a federally chartered national trust company headquartered in New York.

This is NOT about becoming a bank.
This is about operating as a federal-level crypto custodian, which opens doors to:
Stablecoin issuance
Tokenized securities
Serving large institutions that require federal-level oversight
Expanding beyond its current state-level trust charter

Key Numbers:
Coinbase already custodies assets for 80%+ of the world's crypto ETFs
$245.7 billion in institutional assets under management
$425 billion in assets on platform