Coinbase has negotiated with the US Financial Regulator about acquiring the Federal Banking License. Coinbase is the biggest and the most influential US based trading and cryptocurrency exchange platform, and now, it is going to be the first one to obtain the Federal Banking License, if all works out.
The negotiation has already been conducted with the US Office of the Controller of the Currency about bank charter and the business model that is going to be used.
The spokesman of the Coinbase hasn’t given any comments about the negotiations, but it was declared, that the exchange is willing to work closely with federal controlling bodies to ensure the quality and safety of the Coinbase products and services.
The federal license will definitely widen the range of the offered services and to attract more customers. This is going to be a new, much higher level for the exchange.