Governments Worldwide Are Increasing Their Participation in the Cryptocurrency Sector Following the Establishment of the U.S. Strategic Bitcoin Reserve.

Coinbase CEO Brian Armstrong has stated that more government institutions are showing interest in digital assets, with a growing number engaging in trading, custody, and blockchain applications.

Coinbase CEO Brian Armstrong has revealed that more government institutions are becoming interested in digital assets, with several engaging in trading, custody, and blockchain applications.

In a recent X post, Armstrong shared that Coinbase currently collaborates with 145 government entities within the United States and 29 in different countries.

These institutions are enlisting Coinbase’s expertise for services such as custody, trading, and blockchain infrastructure. The Coinbase CEO went on to add that the launch of the U.S. Strategic Bitcoin Reserve has sparked even greater interest from government bodies.

As institutions turn their attention to integrating digital assets into their financial strategies, the leading crypto exchange is prepared to take on the role of a primary partner for public-sector organizations seeking to engage with crypto securely.

Earlier this week, Coinbase announced the completion of its registration with the Financial Intelligence Unit (FIU) in India. This marks a significant step for the exchange to resume its operations within the country.

Coinbase’s return follows a period of adjustments to regulatory frameworks in India. The country’s crypto market has been showing strong signs of increasing adoption, presenting an ideal time for Coinbase to expand its presence.

Coinbase is known for forging partnerships with various government entities at the federal, state, and local levels. The company provides services such as custody solutions, trading infrastructure, and integration of blockchain technology to these institutions.

Coinbase is a publicly traded company, and its activities are subject to the same stringent regulations that apply to any public company. The company places strong emphasis on compliance and security, factors that have contributed to its role as a trusted crypto partner for governments around the world.

Coinbase has been safeguarding digital assets for over 13 years without a single instance of a security breach. The company employs advanced encryption methods, multi-factor authentication, and robust physical security measures to protect the digital assets entrusted to it.

Governments are not only interested in Bitcoin as a store of value but also in the technology of the blockchain to improve operations. Public institutions are exploring the use of blockchain for more efficient and secure transactions, record-keeping, and financial management.

Coinbase offers a comprehensive suite of services to support government entities in their adoption of cryptocurrencies. These services include portfolio management, due diligence, and technical solutions tailored to meet the specific needs of public-sector organizations.