A license in hand doesn’t mean revenue is rolling in.
Coinbase’s U.S. national trust bank charter has officially taken effect. The company says it will use its federal regulatory status to expand its institutional crypto custody business and explore digital asset payment products. According to Cointelegraph, the charter allows Coinbase National Trust Company to hold digital assets on behalf of clients in a fiduciary capacity.
Scenario to watch 1: If institutional clients sign on one after another and assets under custody ramp up, the charter’s value as a gateway to the market will start to show in the company’s results. Scenario to watch 2: If on-chain payment products take time to roll out, the charter may be a narrative tailwind in the short term rather than a catalyst for an immediate surge in volume.
Which would you rather see first: disclosure of institutional custody AUM, or the launch of on-chain payment products?
Source: Cointelegraph
Image 1: Coinbase’s U.S. national trust bank charter officially takes effect, speeding up institutional custody and on-chain payments · Image from the source article
Image source: https://cointelegraph.com/news/coinbase-occ-approval-national-trust-bank-charter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinbase’s U.S. national trust bank charter has officially taken effect. The company says it will use its federal regulatory status to expand its institutional crypto custody business and explore digital asset payment products. According to Cointelegraph, the charter allows Coinbase National Trust Company to hold digital assets on behalf of clients in a fiduciary capacity.
Scenario to watch 1: If institutional clients sign on one after another and assets under custody ramp up, the charter’s value as a gateway to the market will start to show in the company’s results. Scenario to watch 2: If on-chain payment products take time to roll out, the charter may be a narrative tailwind in the short term rather than a catalyst for an immediate surge in volume.
Which would you rather see first: disclosure of institutional custody AUM, or the launch of on-chain payment products?
Source: Cointelegraph
Image 1: Coinbase’s U.S. national trust bank charter officially takes effect, speeding up institutional custody and on-chain payments · Image from the source article
Image source: https://cointelegraph.com/news/coinbase-occ-approval-national-trust-bank-charter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
