Crypto.com Scores Major Victory in Expansion into Traditional Banking

Crypto.com has made a major step forward in its expansion into traditional banking with the receipt of conditional approval from the Office of the Comptroller of the Currency (OCC) to charter a national trust bank. This move marks a significant milestone for the company, which joins a growing list of digital asset firms that have received similar approvals in recent years.

The OCC's regulatory and operational requirements must still be satisfied before full approval is granted, but this conditional approval represents a major breakthrough for Crypto.com. As previously reported by BeInCrypto, the company applied for a national trust bank charter in October 2025, and has now received preliminary approval from the OCC.

Conditional approval is an important step towards obtaining a full banking license, which would allow Crypto.com to offer a wider range of services to its customers. The move reflects the increasing trend of digital asset firms seeking to integrate with traditional financial institutions.