U.S. Homeland Security signs $1.36M contract with Coinbase
The Immigration and Customs Enforcement branch of the U.S. Homeland Security (ICE) has awarded Coinbase a contract to supply "business application" and "application development software."
I missed this in procurement feed yesterday, but cryptocurrency exchange platform Coinbase has a new award with ICE which is either 15x or nearly 50x as large as its previous award, depending on how you count.— Jack Poulson (@_jack_poulson) September 18, 2021
It is Coinbase's largest fed contract.https://t.co/B4IsabH4sw
The deal signed on September 16 was worth $1.36 million, which is about 40 times more than the previous agreement with the Ministry. It became the largest federal contract on the bitcoin exchange.
In August, ICE paid Coinbase $29,000 for forensics software. In the corresponding document, the company was named "the only vendor who can reasonably provide the services required by the agency."
US Immigration and Customs Enforcement plans to use Coinbase forensics toolshttps://t.co/62CISVkFqH— The Block (@TheBlock__) August 12, 2021