🔥 Crypto.com is seeking a "Banking License" from the federal level in the USA 🏦
Quick news ⚡️
Event: The Crypto.com exchange has officially submitted an application to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter.
Details: The goal is to expand federally supervised crypto custody services, directly targeting large institutional clients such as ETF sponsors, businesses, and advisors.
Context: This is not a traditional commercial bank (does not accept FDIC deposits, does not make loans). This move follows competitors like Coinbase and Circle, who have also submitted similar applications to the OCC in 2025.
Scanner's perspective:
This is a strategic move, indicating that the race to "legalize" custody services for institutions in the USA is heating up. This news is positive for the long-term trend; however, it is essential to remember that this is just an "application" and not an "approval" and does not immediately affect retail users. Further observation of the OCC's response is needed.
Related cashtags:
$BTC , $ETH
Quick news ⚡️
Event: The Crypto.com exchange has officially submitted an application to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter.
Details: The goal is to expand federally supervised crypto custody services, directly targeting large institutional clients such as ETF sponsors, businesses, and advisors.
Context: This is not a traditional commercial bank (does not accept FDIC deposits, does not make loans). This move follows competitors like Coinbase and Circle, who have also submitted similar applications to the OCC in 2025.
Scanner's perspective:
This is a strategic move, indicating that the race to "legalize" custody services for institutions in the USA is heating up. This news is positive for the long-term trend; however, it is essential to remember that this is just an "application" and not an "approval" and does not immediately affect retail users. Further observation of the OCC's response is needed.
Related cashtags:
$BTC , $ETH