The Independent Community Bankers of America warns Coinbase’s trust charter falls short of regulatory standards and could pose risks to consumers and the financial system.

The prediction market is introducing price-based contracts tied to stocks and commodities, using Pyth data feeds as the "resolution source" to automatically settle outcomes.

The new platform enables companies to hold funds, move money and settle transactions in fiat or crypto within a single regulated system.

The crypto exchange seeks a charter from the US Office of the Comptroller of the Currency to separate custody from trading and expand services under a regulated banking framework.