Coinbase working with 145 U.S. government agencies, delists FLOKI, TURBO and GIGA for New York users
Coinbase is now working with 145 U.S. government agencies and 29 international ones amid a rapidly shifting cryptocurrency regulatory landscape.
According to a Mar. 13 post on X by Coinbase CEO Brian Armstrong, the launch of the U.S. Strategic Bitcoin Reserve has increased institutional interest in crypto. Coinbase aims to help governments securely trade, store, and use digital assets, encouraging more agencies to move on-chain. Armstrong also invited government institutions to reach out for crypto-related services.
Coinbase has emerged as a preferred partner for government agencies because of its robust security and compliance structure. The company holds 43 money transmitter licenses, a BitLicense in New York, and NYDFS oversight, allowing it to operate in every state in the U.S.
It is also registered in important international markets, including Europe, Singapore, Canada, and the United Kingdom. Coinbase safeguards nearly 12% of the world’s crypto assets and is the custodian of choice for major financial institutions offering spot crypto exchange-traded funds, according to a blog post on their website.
In response to the rising demand from institutions, Armstrong has hinted at plans to add 1,000 new staff members by 2025, citing increased regulatory clarity. Following his attendance of the White House crypto summit, he noted that the change in U.S. regulatory policy gives Coinbase greater confidence to make domestic investments.
Meanwhile, on Mar. 13, Coinbase announced the delisting of Floki (FLOKI), TURBO, and GIGA for New York users. The company stated that after a routine review, these tokens no longer meet its listing standards. Trading for these assets will end on Apr.14 at around 2 PM ET. Additionally, the exchange will list Aethir (ATH) on Mar. 13 .
