Coinbase is encountering criticism from traditional bankers regarding its efforts to obtain a trust bank charter. The move has raised concerns among established financial institutions. Bankers argue that the charter could disrupt the existing banking landscape and challenge regulatory frameworks. They express apprehension about the implications of a cryptocurrency exchange operating as a bank. Coinbase’s push for the charter is part of its broader strategy to expand its services and enhance its credibility in the financial sector. The company aims to provide more traditional banking services while navigating the complexities of regulatory compliance.
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Last updated on November 4th, 2025 at 07:04 pm
