Coinbase 2025 Transparency Report: A Closer Look at Law Enforcement Requests

US-based cryptocurrency exchange Coinbase has released its annual transparency report, revealing a notable surge in requests originating from law enforcement agencies globally. In a report published on Monday, Coinbase disclosed that it received 12,716 requests from law enforcement authorities worldwide between October 2024 and September 2025. This figure represents a 19% increase compared to the volume of requests reported in 2024. The exchange clarified that over half of these requests – specifically 53% – originated from outside the United States. Notably, 80% of all requests came from the US, Germany, UK, France, Spain, and Australia. "As in previous years, the overwhelming majority of requests received both globally and in the US stemmed from law enforcement agencies in connection with criminal enforcement matters," the report stated. According to the crypto exchange, the 2025 requests encompassed "subpoenas, court orders, search warrants, and other formal legal processes." Coinbase acknowledged that users might express concerns about their financial data privacy, but the company has "an obligation to respond to these requests if they are valid under applicable laws."

Ties to the US Government

Coinbase reported receiving 5,444 requests from US-based law enforcement agencies, consistently the highest among all reporting countries since 2022. The company has cultivated closer ties with the US government since the inauguration of President Donald Trump, with Coinbase CEO Brian Armstrong being a frequent visitor to Capitol Hill and a representative attending a fundraising dinner at the White House in October.

Coinbase Advisor Considered for Fed Chair

Jerome Powell’s term as chair of the US Federal Reserve is scheduled to conclude in May 2026. Several names have been discussed as potential replacements, with prediction platforms like Polymarket favoring Kevin Hassett, Trump’s economic advisor and a former member of Coinbase’s advisory council.

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