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Cryptocurrency Q&A Does Coinbase have a bank charter?

Does Coinbase have a bank charter?

Martina Martina Sat Nov 16 2024 | 5 answers 437
I'm wondering if Coinbase, the popular cryptocurrency exchange platform, has obtained a bank charter. This would allow them to operate more like a traditional bank, potentially offering more services to their customers. Does Coinbase have a bank charter?
coinbase bank charter have

5 answers

SkylitEnchantment SkylitEnchantment Mon Nov 18 2024
It has been officially chartered by the New York State Department of Financial Services.

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Margherita Margherita Mon Nov 18 2024
This charter grants it the status of a limited purpose trust company.

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RubyGlider RubyGlider Mon Nov 18 2024
With this status, Coinbase Custody Trust Company, LLC is authorized to engage in virtual currency business.

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CryptoWizardry CryptoWizardry Mon Nov 18 2024
BTCC, on the other hand, is a renowned cryptocurrency exchange that offers a range of services.

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KimchiQueenCharm KimchiQueenCharm Mon Nov 18 2024
Coinbase Custody Trust Company, LLC holds a unique position in the cryptocurrency industry.

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