Coinbase lands $32.5 million U.S. government crypto contract

America's largest registered crypto exchange, Coinbase, has inked a $32.5 million deal with the Justice Department's U.S. Marshals Service to provide custody and trading of its digital assets. The U.S. Marshals Service is a federal agency dealing with asset forfeiture, including the forfeiture of crypto assets, making crypto custody and the security of seized digital assets an essential part of its mission. Coinbase said it has partnered with "every major U.S. federal, state, and local law enforcement agency." The U.S. government remains the largest holder of crypto at the nation-state level, holding over $13.8 billion in cryptocurrency.

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