Coinbase (COIN) CEO says co is not becoming a commercial bank, will not be taking retail deposits, will not be engaging in fractional reserve banking

This statement from Coinbase's CEO clarifies the company's strategic direction, emphasizing that it will not transition into a commercial banking model, nor will it accept retail deposits or engage in fractional reserve banking.

Newsquawk StaffPublished 2 Apr 2026, 20:14 UTCOn the live feed at 19:54 UTC — 1 more headline followed before this page went public

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20:16

Broadcom (AVGO) announced the appointment of Amie Thuener as CFO, effective June 12th; follows the retirement of Kirsten M. Spears who will serve as adviser for nine months

19:59

US Secretary of War Hegseth has asked Army Chief of Staff Gen. Randy George to step down and take immediate retirement, CBS reports, citing sources

19:54

Coinbase (COIN) CEO says co is not becoming a commercial bank, will not be taking retail deposits, will not be engaging in fractional reserve banking

19:53

Spokesman for the Seal of the Prophets Headquarters says we targeted the American steel industries in Abu Dhabi and the American aluminum industries in Bahrain

19:52

Bahrain's Foreign Minister says we demand that Iran stop supporting and arming the militias affiliated with it and refrain from any practices that threaten freedom of navigation in the Strait of Hormuz and the Bab al-Mandab Strait, Al Jazeera reports

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This could bolster confidence for investors concerned about regulatory scrutiny and the risks associated with such banking activities, potentially stabilizing its stock performance amidst a turbulent market environment.

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