Exchange Reassures Customers Amid Licensing Push

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Despite its OCC application, Coinbase stressed it has “no intention of becoming a bank.”
The company said clear rules and regulatory trust are essential to confidently innovate while maintaining security and oversight.

Former employee Luke Youngblood noted in a podcast that the license would give Coinbase built-in on-ramp and off-ramp capabilities without relying on partner banks — a major operational upgrade for the platform.

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Coinbase clarified that, despite its OCC application, it has “no intention of becoming a bank.”
The company emphasized that innovation depends on trust: “Clear rules and strong oversight allow us to move fast while keeping customers secure.”

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Addressing speculation, Coinbase stated it doesn’t plan to operate as a traditional bank even after its OCC filing.
“Regulatory clarity isn’t a barrier—it’s the foundation for innovation done safely,” the company noted.