WASHINGTON—Coinbase, the U.S. cryptocurrency exchange and wallet, said it has discussed a banking charter with U.S. banking regulators.
The Wall Street Journal reported that Coinbase met with the U.S. Office of the Comptroller of the Currency (OCC) toward the start of 2018 both about a bank sanction and about their business plan.
A representative for Coinbase declined to remark on the gathering to The Journal, however, saying only that the organization is “focused on working intimately with state and government controllers to guarantee we are legitimately authorized for the items and administrations we offer.”
In April, the Journal reported that Coinbase was additionally looking into registering as an authorized brokerage firm and electronic-trading venue with the US Securities and Exchange Commission. Coinbase in May reported they are planning to launch a new line of products which targeted institutional investors like hedge funds.