Coinbase Global on Tuesday renewed its call for U.S. banking regulators to clarify or revise their position on banks offering cryptocurrency services as well as potentially doing tie-ups with companies in the digital assets sector.

Coinbase Global Inc. is urging US banking regulators to clarify or amend their positions in order to allow banks to offer custody and trading execution services for cryptocurrencies as well as clear the path for them to partner with the likes of Coinbase.

Cryptocurrency exchange Coinbase is pressing US regulators to confirm that banks are free to provide services to crypto businesses. Coinbase sent a letter to the Office of the Comptroller of the Currency (OCC),

Coinbase urges US regulators to allow banks to offer crypto banking services, highlighting legal barriers in the digital asset market.

Coinbase urges U.S. regulators to ease restrictions, enabling smoother crypto-banking partnerships. Clearer regulations could boost crypto adoption, potentially driving market growth.

Cryptocurrency exchange Coinbase has received approval from the UK’s Financial Conduct Authority (FCA) to offer its services after applying to become a virtual asset service provider (VASP).