Coinbase New York Trust Charter
Coinbase’s New York limited purpose trust charter, from the NYDFS register.
- Legal name (NYDFS)
- Coinbase Custody Trust Company, LLC
- Approval
- Limited purpose trust company
- Approved (as published)
- October 23, 2018
- Status
- Active
- Approved activities
- custody of Bitcoin, Bitcoin Cash, Ethereum, Ether Classic, XRP and Litecoin
Coinbase Custody Trust Company, LLC is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company under the New York Banking Law, approved on October 23, 2018.
What NYDFS approved. Custody of Bitcoin, Bitcoin Cash, Ethereum, Ether Classic, XRP and Litecoin.
Questions
Is Coinbase a New York trust company?
Yes. NYDFS lists Coinbase Custody Trust Company, LLC as a limited purpose trust company, granted October 23, 2018.
What can a New York trust company do?
A limited purpose trust company chartered by NYDFS can act as a fiduciary, for example as a custodian of digital assets, under New York Banking Law supervision.
Browse all firms in the NYDFS BitLicense list.
- Brand
- Coinbase
- Approved
- NYDFS announcement
- dfs.ny.gov
- Company website
- coinbase.com
- NYDFS register
- dfs.ny.gov
- Sources
Source Link NYDFS register of virtual currency businesses https://www.dfs.ny.gov/virtual_currency_businesses Approved activities; PR dated October 23, 2018 https://www.dfs.ny.gov/reports_and_publications/press_releases/pr1810231
Source: the NYDFS list of regulated virtual currency businesses and NYDFS announcements, linked on each record. NY Presswire is not affiliated with NYDFS; the NYDFS register is the official record.