Golden Pig’s take: Coinbase has received a federal trust bank charter—not a bank license that allows it to take deposits or make loans—but America’s largest crypto custodian is now officially under federal oversight. $COIN I’m bullish, but will scale in only on pullbacks.
Coinbase said on its official blog that the Office of the Comptroller of the Currency (OCC) granted final approval to Coinbase National Trust Company last Friday; the approval it received in April was only conditional. After Circle in July and Ripple in October, another crypto company has completed this process.
Know the limits: This charter covers custody only. It does not allow Coinbase to accept retail deposits, make loans, or issue stablecoins, and Coinbase hasn’t said how much of an impact it will have on revenue.
In the market, Binance’s COINUSDT perpetual contract is up about 3.4% over 24 hours to around 136, with roughly 61 million U in trading volume. But compared with around 183 on October 2, it’s still down about 26%.
My plan: If it holds around 134, I’ll test a long with a small position. If it falls below 130, I’ll exit; if it stabilizes above 140, I’ll add. I won’t chase a spike.
As institutional custody becomes more compliant, how would you allocate your holdings between exchanges, custodians, and your own cold wallet?
#Coinbase #加密托管 #机构 $COIN $BTC
Sources: Coinbase official blog, Bitcoin Magazine, Binance futures market data. DYOR; not investment advice.
Coinbase said on its official blog that the Office of the Comptroller of the Currency (OCC) granted final approval to Coinbase National Trust Company last Friday; the approval it received in April was only conditional. After Circle in July and Ripple in October, another crypto company has completed this process.
Know the limits: This charter covers custody only. It does not allow Coinbase to accept retail deposits, make loans, or issue stablecoins, and Coinbase hasn’t said how much of an impact it will have on revenue.
In the market, Binance’s COINUSDT perpetual contract is up about 3.4% over 24 hours to around 136, with roughly 61 million U in trading volume. But compared with around 183 on October 2, it’s still down about 26%.
My plan: If it holds around 134, I’ll test a long with a small position. If it falls below 130, I’ll exit; if it stabilizes above 140, I’ll add. I won’t chase a spike.
As institutional custody becomes more compliant, how would you allocate your holdings between exchanges, custodians, and your own cold wallet?
#Coinbase #加密托管 #机构 $COIN $BTC
Sources: Coinbase official blog, Bitcoin Magazine, Binance futures market data. DYOR; not investment advice.
