According to public records, U.S. Immigration and Customs Enforcement, a top government border security agency, wants to use Coinbase’s “computer forensics software.”
Details about the planned contract award were included in a document dated August 3 that is now available in the SAM.gov database. Despite its lack of specificity, the notice of planned contract action states the following:
“The Department of Homeland Security (DHS), U.S. Immigration and Customs Enforcement (ICE), and the Office of Acquisition Management (OAQ) intend to award a purchase order for computer forensic services on a basis other than full and open competition. Coinbase, Inc. (DUNS number 081007539) is the only vendor who can reasonably provide the services required by the agency, according to FAR 13.106-1(b)(1)(i) and (ii).”
“The estimated total dollar value for this requirement is $29,000.00, with a one-year performance period beginning on the date of the award. Because this requirement is LAW ENFORCEMENT SENITIVE[sic], only limited information will be made available to the public “the length of the document.
Though the contract is relatively small in terms of dollar value, the existence of the pending deal reflects the growth of Coinbase’s analytics business line, despite the fact that the company, which does the vast majority of its business in the institutional and retail exchange and brokerage arena, remains a small player when compared to companies like Chainalysis.
Last year, Coinbase was looking to serve as an analytics vendor to the US government, leveraging technology obtained through its acquisition of the contentious intelligence firm Neutrino. Later, Coinbase received contracts from the Secret Service and the Internal Revenue Service.