Coinbase is currently working with 145 US government agencies and 29 international agencies in the rapidly changing cryptocurrency regulatory landscape.
The launch of a US strategic Bitcoin Reserve has boosted institutional interest in Crypto, according to a March 13 post by Coinbase CEO Brian Armstrong. Coinbase aims to help governments trade, store and use digital assets safely, with more institutions encouraging chain movement. Armstrong also invited government agencies to reach out to crypto-related services.
https://twitter.com/brian_armstrong/status/18999950474788471200?s=46&t = nznxks3debx8jihnzhmzw
Coinbase has emerged as a priority partner for government agencies due to its robust security and compliance structure. The company is monitored by 43 gold sender licenses, Bitlisense in New York, and NYDFS, allowing it to operate in all US states.
It is also registered in important international markets such as Europe, Singapore, Canada, and the UK. Coinbase protects nearly 12% of global crypto assets and is the best manager for the leading financial institutions that fund Spot Crypto Exchange-Traded, according to a blog post on its website.
In response to rising demand from institutions, Armstrong has suggested plans to add 1,000 new staff by 2025, citing an increase in regulatory clarity. After attending the Whitehau Script Summit, he noted that changes in US regulatory policies have given Coinbase confidence to invest in domestically.
Meanwhile, on March 13th, Coinbase announced its registrations for Floki (Floki), Turbo and Giga for New York users. The company said that after routine reviews these tokens did not meet the listing criteria. Transactions for these assets will close on April 14th at about 2pm. Additionally, the exchange will list AETHIR (ATH) on March 13th.
