Coinbase has finally received the receipt for the final approval for a national trust bank charter. The Office of the Comptroller of the Currency (OCC), the U.S. regulator responsible for supervising national banks, granted Coinbase final approval last week, following conditional approval in April 2026. Coinbase journey from April to November 2026 That said, the initial approval meant Coinbase had met certain requirements to move forward, but it still needed to address outstanding regulatory conditions before receiving full authorization. But over the following months, Coinbase took all the steps to satisfy the OCC's requirements for operating as a national trust bank. Given the approval, the charter will now allow Coinbase to provide crypto custody services and develop payment-related operations under a federal regulatory framework. That said, the authorization would also support Coinbase's stablecoin operations, including issuing tokens and managing stablecoins for other companies. However, the approval does not turn Coinbase into a conventional commercial bank. It's important to note that Coinbase National Trust cannot accept deposits from ordinary customers or provide traditional commercial loans. Not everyone is applauding this milestone As of this, Coinbase has now joined Ripple, Revolut, Coinbase, Paxos, BitGo, and Circle, who have already gotten the green light for National Trust Bank. Yet despite this, the stock price of Coinbase ($COIN) was trading at $134.76 after a drop of 1.51% in the past trading day. This might be because the OCC’s decision to grant national trust bank charters to crypto companies has faced opposition from traditional banking groups. The Independent Community Bankers of America recently sued the regulator, questioning its legal authority to issue certain charters to digital asset firms. Meanwhile, the SEC too has proposed changes to existing broker-dealer regulations covering capital requirements, customer asset protection, and recordkeeping for firms handling digital assets. What's more This followed Coinbase securing a legal victory in New Jersey after regulators dropped their lawsuit over its staking services and lifted the cease-and-desist order. Additionally, Coinbase also recorded $719 million in net income in Q3 2026, compared with $433 million a year earlier. Adjusted EBITDA also reached $333 million, up 60% quarter-over-quarter, marking its 15th consecutive profitable quarter on this metric. Final Summary The charter will allow Coinbase to provide crypto custody services and develop payment-related operations under a federal regulatory framework. But OCC’s decision to grant national trust bank charters to crypto companies has faced opposition from traditional banking groups.