Coinbase Transparency Report: Law Enforcement Requests Tripled in Three Years
Coinbase has revealed a significant increase in law enforcement requests over the past years in its latest transparency report.
According to the report , the number of requests received by Coinbase this year has tripled compared to 2020.
Out of the 13,079 requests for information, nearly half of them originated from the United States.
Germany accounted for 15% of the total requests, followed by the United Kingdom and Spain.
The overwhelming majority, 96%, were related to criminal investigations, while the remaining requests pertained to civil or administrative matters.
In the report, Paul Grewal, Coinbase’s chief legal officer, emphasized the company’s commitment to providing an appropriate and tailored response to these requests.
“Where necessary, we will seek to narrow requests that are overly broad or vague in order to provide a more appropriately tailored response, and in some cases we object to producing any information at all,” he said.
Voluntary transparency reports have become customary among large tech companies, with Coinbase joining the ranks of Verizon, AT&T, Apple, and Google.
Although Coinbase’s total number of requests marks a 6% increase from 2022, it pales in comparison to the staggering 127,766 requests received by Verizon in just the first half of this year.
For context, San Francisco-based crypto exchange Kraken reported 3,705 law enforcement requests in 2022, with the majority of requests originating from outside the United States.
In 2023, Coinbase witnessed a threefold increase in requests from Ukraine.
Additionally, government agencies in Australia, Portugal, Romania, and Nigeria more than doubled their requests, according to the report.
Coinbase has been actively expanding
