11:07 AM EDT, 10/06/2025 (MT Newswires) -- Coinbase (COIN) said Friday it has applied for a National Trust Company Charter from the Office of the Comptroller of the Currency to expand its federally regulated services.

The company said the charter would allow it to offer payments and related products while maintaining oversight under New York's BitLicense framework. Coinbase said it has no plans to become a bank, calling the move part of efforts to align digital assets with traditional finance.

Coinbase shares are up 1.7%.

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