Coinbase has expanded its collaboration with U.S. government agencies, now working with 145 domestic agencies and 29 international ones amid increasing regulatory scrutiny and institutional adoption of cryptocurrency.
Coinbase Strengthens Government Partnerships
In a March 13 post on X, Coinbase CEO Brian Armstrong revealed that the launch of the U.S. Strategic Bitcoin Reserve has led to a surge in institutional interest in crypto. As a result, Coinbase is helping governments securely trade, store, and utilize digital assets.
“We aim to support government agencies in securely managing digital assets and moving more institutions on-chain.” – Brian Armstrong, CEO of Coinbase
Coinbase has positioned itself as a preferred partner for regulatory bodies due to its robust security measures and compliance structure. The company holds:
- 43 Money Transmitter Licenses across the U.S.
- A BitLicense in New York.
- New York Department of Financial Services (NYDFS) oversight, allowing it to operate nationwide.
Additionally, Coinbase is registered in key global markets, including Europe, Singapore, Canada, and the U.K.. The exchange safeguards nearly 12% of the world’s crypto assets and serves as the custodian of choice for financial institutions offering spot crypto ETFs.
Hiring Surge as Regulatory Clarity Improves
As institutional adoption accelerates, Armstrong has hinted at hiring 1,000 new employees by 2025. He cited greater regulatory clarity following his attendance at the White House Crypto Summit, reinforcing Coinbase’s confidence in expanding its U.S. operations.
Coinbase Delists FLOKI, TURBO, and GIGA for New York Users
On March 13, Coinbase announced the delisting of FLOKI, TURBO, and GIGA for users in New York. The exchange cited a routine review, stating that these tokens no longer meet its listing standards. Trading for these assets will officially end on April 14 at 2 PM ET.
Meanwhile, Coinbase also confirmed the listing of Aethir (ATH) on March 13, expanding its supported asset offerings.
Coinbase’s expanding partnerships with government agencies reflect its role as a trusted crypto exchange in an evolving regulatory landscape. While delisting certain tokens in New York, the company continues to grow its institutional services, strengthen compliance, and expand its workforce to support the next phase of crypto adoption.
