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 Reserveâs 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 itâs 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.It is also registered in key international markets like Europe, Singapore, Canada, and the UK.
Coinbase safeguards nearly 12% of the worldâs crypto assets. It is the preferred custodian for major financial institutions offering spot crypto exchange-traded funds. In response to growing demand, Armstrong plans to hire 1,000 new staff by 2025. He cites increased regulatory clarity as a reason.
On Mar. 13, Coinbase announced the delisting of Floki (FLOKI), TURBO, and GIGA for New York users. These tokens no longer meet Coinbaseâs listing standards. Trading will end on apr. 14 at 2 PM ET. The exchange will list aethir (ATH) on mar. 13.
For more details, visit Brian Armstrongâs post on X.