Crypto.com Applies for National Trust Bank Charter with OCC

**Crypto.com Takes Major Step Toward Traditional Banking with OCC Trust Charter Application**

Leading cryptocurrency exchange Crypto.com has filed for a national trust bank charter with the Office of the Comptroller of the Currency (OCC), marking a significant milestone in bridging traditional finance and digital assets. This strategic move positions the platform to offer federally regulated custody services across all 50 states, potentially revolutionizing how institutions and retail investors store Bitcoin, Ethereum, and other cryptocurrencies.

The OCC charter application demonstrates Crypto.com's commitment to regulatory compliance and could strengthen investor confidence in cryptocurrency custody solutions. If approved, this would enable the exchange to provide bank-level security and oversight for digital asset storage, competing directly with established financial institutions entering the crypto space.

This development comes as institutional adoption of Bitcoin and blockchain technology continues accelerating, with major corporations and investment firms seeking regulated custody providers. The move could significantly impact cryptocurrency market dynamics, potentially driving increased institutional investment and mainstream DeFi adoption. Crypto.com's pursuit of federal banking oversight represents a pivotal shift toward legitimizing cryptocurrency infrastructure within the traditional financial system.