Coinbase Expands Crypto Services to Global Governments
Coinbase is now collaborating with 145 U.S. government agencies and 29 international ones. This move comes as the crypto regulatory landscape evolves rapidly. Brian Armstrong,CEO of Coinbase,shared this news on X. He noted that the U.S. Strategic Bitcoin Reserve’s launch has sparked more interest in crypto among institutions.
Coinbase aims to assist governments in securely trading, storing, and using digital assets. The company encourages agencies to adopt blockchain technology. Armstrong invited government bodies to contact Coinbase for crypto-related services.
Coinbase has become a top choice for government agencies due to its strong security and compliance. It holds 43 money transmitter licenses, a BitLicense in New York, and NYDFS oversight.This allows it to operate in all U.S. states. Coinbase is also registered in key international markets like Europe, Singapore, Canada, and the UK.
The company safeguards nearly 12% of the world’s crypto assets. It is indeed the preferred custodian for major financial institutions offering spot crypto exchange-traded funds. In response to growing institutional demand, Armstrong plans to hire 1,000 new staff by 2025. He cites increased regulatory clarity as a reason.
Following the White House crypto summit, Armstrong noted that U.S. regulatory changes give Coinbase more confidence to invest domestically. On Mar. 13, Coinbase announced the delisting of Floki (FLOKI), TURBO, and GIGA for New York users. These tokens no longer meet listing standards. Trading will end on Apr. 14 at 2 PM ET. The exchange will list Aethir (ATH) on Mar. 13.
