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Coinbase Seeks OCC Trust Charter to Grow Payments Business

Coinbase Global Inc., the largest US crypto exchange, is seeking a national trust company charter from the Office of the Comptroller of the Currency, the company said Friday.Coinbase “has no intention of becoming a bank,” Greg Tusar, vice president of institutional product said in a blog postBloomberg Terminal. Instead, if approved, the charter will allow Coinbase to expand in areas like payments and related services, he wrote....

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