Coinbase is strengthening its ties with government agencies amid the rapidly changing cryptocurrency regulatory landscape.
The company now collaborates with 145 U.S. government agencies and 29 international ones.
According to a March 13 post on X by CEO Brian Armstrong, the launch of the U.S. Strategic Bitcoin Reserve has sparked increased institutional interest in crypto. Coinbase aims to support governments securely trading, storing, and utilizing digital assets while encouraging a transition to on-chain solutions. Armstrong further invited government institutions seeking crypto services to reach out.
Across federal, state, and local, Coinbase now works with 145 government entities in the U.S. and 29 government entities outside the U.S.
In the wake of the U.S. Strategic Bitcoin Reserve launching, we’re seeing many more take an interest.
We’d like to help everyone custody,… pic.twitter.com/2R0Dy3BuHe
— Brian Armstrong (@brian_armstrong) March 12, 2025
Positioning itself as a preferred partner for government agencies, Coinbase has built a strong reputation for security and compliance. The company holds 43 money transmitter licenses and a BitLicense in New York. It operates under the oversight of the New York Department of Financial Services (NYDFS), allowing it to conduct business in every U.S. state. Additionally, Coinbase is registered in key international markets, including Europe, Singapore, Canada, and the United Kingdom. It currently safeguards nearly 12% of the world’s crypto assets. As noted in a recent blog post, it serves as the custodian of choice for major financial institutions offering spot crypto exchange-traded funds.
As institutional demand continues to rise, Armstrong has hinted at expanding the workforce by adding 1,000 new staff members by 2025. He cited increased regulatory clarity as motivating, particularly after attending the White House crypto summit. Armstrong noted that recent changes in U.S. regulatory policy have bolstered Coinbase’s confidence to make domestic investments.
Meanwhile, Coinbase has announced the delisting of Floki (FLOKI), TURBO, and GIGA for New York users, effective April 14, following a review that determined these tokens no longer meet the company’s listing standards. In a separate development, Coinbase is set to resume operations in India after registering with the Financial Intelligence Unit (FIU), allowing it to launch crypto trading services focused on retail offerings later this year.
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