Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

Coinbase wins initial bank regulator nod for trust charter, boosting custody push

Coinbase has received initial approval for a national trust company charter from the U.S. Office of the Comptroller of the Currency, which would allow it to operate as a federally regulated crypto custodian. The approval is conditional, requiring Coinbase to meet certain compliance and risk management standards before gaining full charter status. This move reflects a growing demand for regulated custody among large investors in the crypto market.
COINON2,01%
TRUST1,67%
CoinDesk·04-02 16:41
Coinbase wins initial bank regulator nod for trust charter, boosting custody push

Coinbase Gets Conditional Approval From Banking Regulator—But Isn't Launching a Bank

Coinbase plans to refine its services after receiving conditional approval for a national trust bank charter, allowing for federal regulatory uniformity in asset custody. This marks a step toward closer integration with traditional finance, enabling potential new products and payment expansions. However, Coinbase will not operate as a traditional bank or accept deposits from individuals.
COINON2,01%
Decrypt·04-02 16:25
Coinbase Gets Conditional Approval From Banking Regulator—But Isn't Launching a Bank

Crypto for Advisors: Crypto custody’s evolution

In today’s newsletter, Paul Frost-Smith, CEO of Komainu, covers how institutional crypto is converging with traditional finance, but speed can introduce risk if legal and compliance layers aren't aligned. Then, in “Ask an Expert,” Sam Boboev, from the “Fintech Wrap Up,” details the key
BTC0,92%
CoinDesk·04-02 15:25
Crypto for Advisors: Crypto custody’s evolution

North Koreans hackers likely behind $286 million Drift Protocol exploit: Elliptic

Elliptic reports that the $285 million Drift Protocol exploit shows signs of North Korean hackers' involvement, marking their 18th act this year. The incident highlights structured money laundering techniques and challenges related to Solana’s account model, emphasizing the need for comprehensive cross-chain tracing.
DRIFT-3,48%
CoinDesk·04-02 15:03
North Koreans hackers likely behind $286 million Drift Protocol exploit: Elliptic