Cryptocurrency Q&A
Does Coinbase have a bank charter?
Does Coinbase have a bank charter?
Martina
Sat Nov 16 2024
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5 answers
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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.
5 answers
SkylitEnchantment
Mon Nov 18 2024
It has been officially chartered by the New York State Department of Financial Services.
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Margherita
Mon Nov 18 2024
This charter grants it the status of a limited purpose trust company.
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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
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
Mon Nov 18 2024
Coinbase Custody Trust Company, LLC holds a unique position in the cryptocurrency industry.
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