Coinbase applies for National Trust Charter to expand regulated crypto services, seeking clearer regulation and reducing reliance on third-party banks for fiat transactions. Circle and Ripple have also filed similar applications. The move aligns with Coinbase’s long-term goal of merging traditional finance with digital assets.

If granted, the license would allow Coinbase to offer payments and financial services independently, without relying on third-party banks. Former engineer Luke Youngblood praised the potential flexibility a trust charter would provide, noting improvements in Coinbase’s retail platform. Other major crypto players, like Circle and Ripple, are also pursuing trust licenses.

TIME recognizes Coinbase as one of 2025’s most influential companies, praising its role in shaping US digital asset policies and markets. Coinbase is expanding in Europe under the EU’s MiCA regulatory framework through Luxembourg’s financial regulator. Additionally, Coinbase continues to accumulate Bitcoin, purchasing 2,509 BTC in Q2 for $222 million, placing it among the top 10 public holders of the asset.

Read more at Yahoo Finance: Coinbase Applies for National Trust Charter to Expand Regulated Crypto Services