Coinbase Signs Deal With Homeland Security to Provide Analytics Software

The initial contract amount is for $455,000 but can go up to a total of $1.37 million by 2024.

AccessTimeIconSep 20, 2021 at 9:19 p.m. UTC
Updated May 11, 2023 at 5:50 p.m. UTC

The U.S. Department of Homeland Security’s Immigration and Customs Enforcement (ICE) branch awarded a three-year contract to Coinbase for its analytics software on Sept. 16.

  • The initial obligation is for $455,000 but can go up to a total of $1.37 million by 2024.
  • The contract with ICE is the latest in a series of contracts between Coinbase and the U.S. government, as tracked by Tech Inquiry. Coinbase’s latest contract has the highest overall ceiling of all its government deals, however.
  • In August, Coinbase signed a similar but smaller contract with ICE worth $29,000 to provide the border enforcement agency with licenses for its analytics software.
  • The exchange also signed contracts in April 2021 and May 2020 and with the U.S. Secret Service to provide access to its analytics software. Both of these contracts were initially under $50,000 in value, but had maximum values of $183,750.
  • Coinbase Analytics, the branch of the exchange behind its analytics software, emerged from Coinbase’s controversial 2019 acquisition of blockchain intelligence firm Neutrino.
  • Several members of Neutrino’s eight-person team had previously worked on projects with The Hacking Team, an Italian hacking firm that sold spyware to authoritarian governments with a history of human rights abuses.
  • Coinbase CEO Brian Armstrong eventually fired the Neutrino members associated with The Hacking Group, but Coinbase’s reputation for surveillance persists.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Cheyenne Ligon

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.