Coinbase reveals 18% YoY drop in law enforcement requests

Coinbase disclosed in a transparency report that it received 10,707 requests from global law enforcement and government agencies over the past year, an 18% decline from the previous reporting period.

For the third consecutive year, the US submitted the highest number of requests from law enforcement and government agencies despite a decline this year.

Outside the US, Coinbase experienced notable decreases in law enforcement requests from key markets. Requests declined significantly in Germany, the UK, and Spain, by 33%, 45%, and 35%, respectively.

In contrast, Singapore stood out with a 221% increase in requests, jumping from 34 in 2023 to 109 this year. This signaled growing regulatory activity in the region as it emerged as a prominent crypto hub.