Coinbase is strengthening its role as a partner for government agencies, expanding collaborations, and revising token listing approaches.
Coinbase's New Strategy
Coinbase now collaborates with 145 US government agencies and 29 international ones. The company aims to support governments in securely trading and storing digital assets. According to CEO Brian Armstrong, the launch of the US Strategic Bitcoin Reserve has sparked increased institutional interest.
Rising Institutional Interest
Coinbase is building a strong reputation for being a reliable partner thanks to its security and compliance. The company plans to expand its workforce by 1,000 employees by 2025, driven by improved regulatory clarity following the White House crypto summit. Armstrong noted that changes in US policy encourage domestic investments.
Token Listing Changes
Coinbase announced delisting Floki (FLOKI), TURBO, and GIGA for New York users starting April 14, following a review that found these tokens no longer meet the company standards. The company also plans to resume operations in India this year, focusing on retail offerings.
Coinbase continues to strengthen its market position by expanding government agency collaborations and thoroughly vetting tokens. These efforts aim to increase trust and develop a secure ecosystem within the crypto space.
