Coinbase Expands Government Network: 145 US, 29 Global Entities Onboard

Institutional demand for crypto is rising in the US where Bitcoin is being recognized as a strategic asset. That’s in line with the national trend of embracing digital currencies as part of the overall economic and financial strategy.

• Coinbase’s Key Figures:

  • 145 U.S. government entities onboard

  • 12% of market capitalization

  • Over 430 digital assets under custody

JUST IN: Coinbase’s Government Network Expands—145 US and 29 Global Entities Onboard: Coinbase is deepening ties with 145 U.S. government entities as the nation accelerates bitcoin adoption, signaling unprecedented institutional demand and a seismic shift in crypto policy.… pic.twitter.com/ttA7QylinJ

— Rogue (@RogueBigFootX) March 17, 2025

Coinbase’s growing power comes at a good time for Bitcoin especially after US President Donald Trump’s executive order to establish a US Bitcoin Reserve. That’s a big sign the government is warming up to Bitcoin.

U.S. Crypto Policy Shift: Presidential Executive Order

US government is getting into crypto and it’s gaining momentum with the recent executive order from President Donald Trump. The order is to establish a Strategic Bitcoin Reserve which is inline with the bigger trend of recognizing Bitcoin and other digital assets as valuable economic resources.

The first ever crypto summit at the White House also played a big role in this shift. At the summit, industry leaders and policymakers discussed how digital assets can help the US economy and the importance of clear regulations for the industry. The consensus was mostly positive and that the government is open to crypto adoption at national level.

• Crypto Policy Shifts:

  • U.S. Strategic Bitcoin Reserve

  • First-ever crypto summit at the White House

  • Emphasis on regulatory clarity and broader adoption

Trump’s support for Bitcoin and his suggestion to include other cryptos like Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in a crypto reserve is a bigger trend towards institutional involvement in the digital assets space. This new policy direction will have big implications for crypto regulations and adoption.

Coinbase CEO Brian Armstrong recently wrote on the X platform that Coinbase is currently cooperating with 145 government agencies in the United States and 29 government agencies overseas; with the launch of the US strategic Bitcoin reserve, we are seeing more and more governments…

— Cointime (@Cointime_global) March 17, 2025

Coinbase’s Role as a Trusted Institutional Partner

Coinbase has been a partner for institutional crypto solutions for over 13 years. It holds 12% of the market cap and has custody for over 430 assets. Its growing partnership with government entities makes it a big player in the crypto space.

As US government gets into digital assets, Coinbase will continue to get more powerful. Its partnerships and crypto custody solutions will be key to crypto adoption at institutional and governmental level.