Breaking the deadlock! Coinbase applies for a federal trust license, Crypto Assets may ignite a financial revolution.
A revolution that disrupts the traditional financial landscape is quietly unfolding. The global crypto giant Coinbase has just released a heavyweight announcement, officially submitting an application for a national trust license to the Office of the Comptroller of the Currency in the United States. This move can be considered a stroke of genius, marking the official challenge of the Crypto Assets industry to the mainstream financial system.
Tired of running around to apply for various licenses across 50 states, Coinbase is directly targeting the core this time, aiming to obtain a "financial passport" that covers the entire United States. This is not just a simple business expansion, but a carefully planned strategic upgrade. What does obtaining a federal trust license mean? Simply put, Coinbase will now be on the same playing field as traditional financial giants like JPMorgan Chase and Bank of America.
The market's reaction to this move was immediate. After the news was announced, Coinbase's stock price jumped by 2.14%, and investors cast their trust with real money. But this is just the beginning; a bigger game is hidden behind.
Traditional banking has long been on high alert. For many years, major banking institutions have been lobbying regulators in an attempt to keep Crypto Assets outside the existing system. However, Coinbase's choice to bypass the layers of state-level regulation and go directly to the federal level inevitably brings to mind the classic case of Alipay successfully obtaining a banking license. History is always surprisingly similar, and innovators always find a way to carve out new territories in the cracks.
Once approved, this victory will far exceed expectations. Massive pension funds, university endowments, and institutional investors will gain compliant access, with trillions of dollars potentially flooding into the Crypto Assets market. Even more exciting is that, with a trust license, Coinbase will be able to legally expand its payment landscape, making it possible to compete with fintech giants such as PayPal and Square in the future.
The game between regulation and innovation has just begun, and the mainstreaming process of Crypto Assets is迎来最关键转折点. Whether Coinbase can successfully break the deadlock may determine the direction of the global financial ecosystem in the next decade. Opportunities and challenges coexist, and the good show has just begun.
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Breaking the deadlock! Coinbase applies for a federal trust license, Crypto Assets may ignite a financial revolution.
A revolution that disrupts the traditional financial landscape is quietly unfolding. The global crypto giant Coinbase has just released a heavyweight announcement, officially submitting an application for a national trust license to the Office of the Comptroller of the Currency in the United States. This move can be considered a stroke of genius, marking the official challenge of the Crypto Assets industry to the mainstream financial system.
Tired of running around to apply for various licenses across 50 states, Coinbase is directly targeting the core this time, aiming to obtain a "financial passport" that covers the entire United States. This is not just a simple business expansion, but a carefully planned strategic upgrade. What does obtaining a federal trust license mean? Simply put, Coinbase will now be on the same playing field as traditional financial giants like JPMorgan Chase and Bank of America.
The market's reaction to this move was immediate. After the news was announced, Coinbase's stock price jumped by 2.14%, and investors cast their trust with real money. But this is just the beginning; a bigger game is hidden behind.
Traditional banking has long been on high alert. For many years, major banking institutions have been lobbying regulators in an attempt to keep Crypto Assets outside the existing system. However, Coinbase's choice to bypass the layers of state-level regulation and go directly to the federal level inevitably brings to mind the classic case of Alipay successfully obtaining a banking license. History is always surprisingly similar, and innovators always find a way to carve out new territories in the cracks.
Once approved, this victory will far exceed expectations. Massive pension funds, university endowments, and institutional investors will gain compliant access, with trillions of dollars potentially flooding into the Crypto Assets market. Even more exciting is that, with a trust license, Coinbase will be able to legally expand its payment landscape, making it possible to compete with fintech giants such as PayPal and Square in the future.
The game between regulation and innovation has just begun, and the mainstreaming process of Crypto Assets is迎来最关键转折点. Whether Coinbase can successfully break the deadlock may determine the direction of the global financial ecosystem in the next decade. Opportunities and challenges coexist, and the good show has just begun.
Please give a follow to show your support, thank you 🙏🏻
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