The Office of the Comptroller of the Currency (OCC) has granted Coinbase a final national trust charter, converting its conditional approval issued on April 2, 2026, into a full license for Coinbase National Trust Company. The charter enables Coinbase to operate custody and market infrastructure under unified federal oversight while providing a foundation for new products such as payments. Coinbase clarified that it will not accept retail deposits or engage in fractional reserve banking. The company continues to operate under New York State Department of Financial Services (NYDFS) supervision, with its existing BitLicense and state trust licenses remaining unchanged. Last month, Ripple also received a final OCC trust charter. Meanwhile, the Independent Community Bankers of America (ICBA) has filed a lawsuit against the OCC, alleging overreach in granting trust charters to crypto firms.