April 2 (Reuters) - Coinbase Global has received conditional approval from banking regulators for a ‌national trust company charter, it said on ‌Thursday, a move that could boost the top U.S. ​cryptocurrency exchange's appeal among large institutional investors.

The U.S. has been taking a more crypto-friendly approach since the re-election of President Donald Trump, with regulators ‌easing prior curbs ⁠and dialing back enforcement actions.

Full approval from the Office of the Comptroller ⁠of the Currency would let Coinbase operate as a federally regulated crypto custodian.

"Federal oversight...will bring consistency ​and uniformity ​to our custody ​business and create a ‌foundation for new products — including payments and related services," Greg Tusar, Coinbase Institutional's co-CEO, wrote in a blog on Coinbase's website.

The OCC's conditional approval does not mean that Coinbase will become ‌a commercial bank, the company ​clarified in the blog, ​adding that it ​would not be taking retail deposits ‌or partaking in fractional reserve ​banking.

Earlier this ​year, Crypto.com also received conditional approval from the OCC for a national trust bank ​charter.

(Reporting by ‌Utkarsh Shetti in Bengaluru; Additional Reporting by ​Aishwarya Jain in Bengaluru; Editing by Sahal ​Muhammed and Shreya Biswas)