This is Coinbase’s largest federal contract to date. The agreement, which was inked on Thursday, is valued around forty times more than Coinbase’s previous contract with the Department of Homeland Security.
The ICE paid Coinbase $29,000 for forensics software on August 9 of this year. The contract came into official existence on the grounds that it is “the only vendor who can reasonably supply the services that are of the agency’s requirement,” according to a document.