The largest US-based crypto exchange experienced a threefold increase in law enforcement requests in the current year compared to 2020, as revealed in its latest transparency report.
The total number of requests during the reporting period amounted to 13,079, marking approximately a 6% rise from the previous year. Notably, the United States maintained its position as the leading country in both 2022 and 2023, with a slight uptick in the number of requests in 2023.
Coinbase Sees Spike in Agency Requests
Among the 13,079 requests made to Coinbase between Q4 2022 and Q3 2023, four countries – the United States, Germany, the United Kingdom, and Spain – accounted for nearly three-quarters or 73% of the entire amount.
The United States led with 5,686 requests, a notable increase from the previous year’s 5,304, with 90.4% of these originating from criminal enforcement agencies. Germany secured the second position with 1,906, surpassing the United Kingdom, which experienced a slight decl
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