"Coinbase is not becoming a commercial bank. We will not be taking retail deposits. We will not be engaging in fractional reserve banking. This charter is about bringing federal regulatory uniformity to the custody and market infrastructure business we have been building for years." Coinbase Co-CEO Greg Tusar said . More on Coinbase Coinbase: The Latest Initiatives Change Everything (Rating Upgrade) Coinbase: Q1 Guidance Was A Clearing Event Coinbase: 'Everything Exchange' Is A Game Changer SA analyst upgrades/downgrades: AAPL, COP, NBR, COIN Coinbase, Better Home & Finance launch crypto-backed mortgages