US Bitcoin Reserve Attracted Govts to Crypto: Coinbase CEO

Governments throughout the globe are getting extra into the cryptocurrency sector put up the announcement of U.S. Strategic Bitcoin Reserve by President Trump, claimed CEO of Coinbase, Brian Armstrong. He additionally acknowledged that Coinbase is getting concerned with a number of authorities entities in and out of doors U.S. ever because the information broke out of establishing of reserve.

Within the current tweet Armstrong posted on X, he acknowledged that Coinbase works with 145 U.S. authorities organizations and 29 worldwide organizations. These our bodies require custody, buying and selling, and blockchain infrastructure, which the trade affords to help them in embracing crypto safely.

Throughout federal, state, and native, Coinbase now works with 145 authorities entities within the U.S. and 29 authorities entities outdoors the U.S.

Within the wake of the U.S. Strategic Bitcoin Reserve launching, we’re seeing many extra take an curiosity.

We might like to assist everybody custody,… pic.twitter.com/2R0Dy3BuHe

— Brian Armstrong (@brian_armstrong) March 12, 2025

The creation of the U.S. Strategic Bitcoin Reserve has attracted plenty of consideration, and different departments are additionally contemplating utilizing digital currencies of their monetary techniques. Moreover, the historic crypto summit at The White Home additionally made governments throughout the globe take discover of the rising reputation of cryptocurrencies.

Armstrong additionally identified that Coinbase has not too long ago managed to get registered with the Indian Financial Intelligence Unit (FIU), which is a significant step towards the resumption of the corporate’s exercise within the nation.

Because the crypto market continues to increase in India, Coinbase sees a great probability to increase its market share. It’s not solely the trade that’s enthusiastic about Bitcoin; governments are additionally contemplating blockchain as a instrument for safe transactions, data and monetary administration.

Presently, Coinbase remains to be actively concerned in supporting authorities establishments by way of portfolio administration, due diligence, and technological help. Coinbase additionally goals at recruiting 1,000 workers in 2025, which is a transparent sign of the corporate’s confidence within the crypto trade and the regulatory atmosphere.