Coinbase Hit With Record 12,716 Government Requests in 2025
Coinbase acquired 12,716 authorities and regulation enforcement info requests between October 2024 and September 2025, marking a 19% year-over-year improve and the very best quantity in the trade’s historical past.
International requests accounted for 53% of the whole, a brand new high, with France main jurisdictions outdoors the U.S. with a 111% surge in demand for buyer information.
The surge comes as Coinbase expands operations throughout greater than 100 nations amid heightened regulatory scrutiny following main compliance failures in Europe and a harmful cybersecurity breach earlier this 12 months.
The trade’s seventh annual Transparency Report, printed by Chief Legal Officer Paul Grewal, factors out the rising world strain on crypto platforms to steadiness person privateness with authorized obligations.
France Drives International Demand, U.S. Still Dominates
The United States remained the most important single supply of requests, adopted by Germany, the United Kingdom, France, Spain, and Australia.
These six nations mixed accounted for roughly 80% of all regulation enforcement requests globally.
France noticed the sharpest improve amongst main jurisdictions, with requests leaping 111% from the prior reporting interval.
The U.Ok. and Spain additionally posted double-digit beneficial properties, rising 16% and 27% respectively. Germany, Sweden, and South Korea recorded decreases, with South Korea’s requests dropping 67%.
Requests from Moldova and Brazil elevated by elements of 5.7 and a pair of.7, whereas Australia’s quantity remained practically flat with only a 1% uptick.
Despite fluctuations throughout totally different markets, complete request quantity has stayed throughout the 10,000 to 13,000 vary yearly over the previous 4 years.
Compliance Under Fire After Fines and Data Breach
The rising demand for person information comes amid regulatory penalties and inside safety lapses which have broken Coinbase’s compliance popularity.
In November, the exchange’s European arm agreed to pay €21.5 million to Ireland’s Central Bank after coding errors left 31% of transactions, value greater than $202 billion, unscreened for cash laundering between 2021 and 2022.
The malfunction affected 5 of 21 transaction-monitoring eventualities, forcing Coinbase to reanalyze 185,000 transactions and file 2,700 suspicious transaction studies.
Coinbase Europe was fined €21.5M after tech errors left 30M transactions unmonitored, breaching AML guidelines. #Ireland #AML #Coinbasehttps://t.co/IdrCGSLhBp
— Cryptonews.com (@cryptonews) November 6, 2025
Just final 12 months, Coinbase’s UK subsidiary was fined £3.5 million by the Financial Conduct Authority for onboarding over 13,000 high-risk clients in violation of a voluntary restriction, facilitating practically $226 million in transfers.
In May, the trade disclosed a cyberattack compromising the private information of no less than 69,461 clients, together with government-issued IDs and electronic mail addresses, after hackers bribed customer support employees.
The breach, which was not disclosed till weeks after discovery, triggered no less than six class-action lawsuits and a Justice Department investigation.
Shareholders later filed a separate suit alleging that Coinbase and its CEO, Brian Armstrong, didn’t promptly disclose each the breach and the UK compliance violation, contributing to a 7.2% drop in the corporate’s inventory.
Coinbase Expands Compliance as SEC Pressure Eases
Coinbase emphasised in its newest report that it opinions every request on a case-by-case foundation and seeks to slim overly broad calls for.
The trade acknowledged that it seeks to offer anonymized or aggregated information at any time when potential, moderately than exposing particular person buyer info.
Requests acquired don’t at all times outcome in information being produced, and the corporate maintains that it doesn’t grant governments direct entry to its programs.
The report arrives as Coinbase advantages from a dramatic shift in U.S. regulatory posture.
In March, the Securities and Exchange Commission agreed to drop its years-long enforcement action against the exchange, which had accused Coinbase of working as an unregistered securities platform.
The dismissal adopted comparable strikes by the SEC to desert instances towards Kraken, Robinhood, and Consensys after Paul Atkins replaced Gary Gensler as chair in January.
Additionally, again in September, Atkins pledged to interchange what he known as a “shoot first and ask questions later” method with advance notices and clearer steering for crypto corporations.
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