Coinbase seeks the National Trust Charter to expand payment services

Cryptocurrency Exchange Coinbase has revealed plans to request a letter from the National Trust Company of the Office of the Mint.

The development was confirmed by the Vice President of Institutional Products of Coinbase, Greg Tusar in a blog post, which was published on the company’s website.

The letter is intended to facilitate the expansion of the company to payment and related services, while maintaining that it does not plan to become a bank.

Tusar said: “Coinbase has no intention of becoming a bank.”

“A letter from the OCTA will optimize supervision for new offers and allow continuous innovation to integrate digital assets into traditional finances.”

The approval of the letter is expected to expand the Coinbase services offers beyond the custody solutions, the blog post said.

In June 2025, Coinbase launched a new platform called Coinbase Payments, specifically designed to support the use of stablocoins for online transactions.

This platform serves online markets such as Shopify and Ebay, with the aim of providing small companies with medium alternatives to traditional cards payment rates.

Shopify has already integrated Coinbase payments, after an association with Coinbase and Stripe.

In addition, in July, JPMorgan Chase and Coinbase formed an alliance, offering improved transaction capabilities to shared customers.

This association allows JPMorgan customers to link their bank accounts to their Coinbase wallets using the bank’s API.

Cryptocurrency companies such as Circle, Ripple Labs and Paxos have also submitted applications for National Trust Charters, as reported by Bloomberg.

“Coinbase seeks the National Trust Charter to expand payment services” was originally created and published by Electronic Payments International, a brand owned by Globaldata.

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