Coinbase received conditional approval from the Office of the Comptroller of the Currency (OCC) for its trust charter application, moving the exchange closer to operating as a federally regulated crypto custodian. The approval is pending final compliance review and represents a significant step in Coinbase's push to expand institutional custody services. This development comes as the crypto industry seeks greater regulatory clarity and legitimacy in traditional financial markets.
Separately, the U.S. March jobs report exceeded expectations with 178,000 jobs added, supporting views that labor conditions remain stronger than anticipated. Bitcoin continued trading near the $67,000 level following the positive economic data. The strong employment figures may influence Federal Reserve policy decisions and broader market sentiment toward risk assets including cryptocurrencies.
