[During the 2025 reporting period, Coinbase received a total of 12,716 law enforcement requests, an approximate 19% year-over-year increase] Coinbase has released its 2025 Transparency Report, covering the period from October 1, 2024, to September 30, 2025. In 2025, Coinbase received law enforcement requests from over 60 different countries, including subpoenas, court orders, search warrants, and other formal legal procedures. During the 2025 reporting period, Coinbase received a total of 12,716 requests, representing an approximate 19% increase compared to the previous year's report. Although there was an increase compared to 2024, the total number of requests over the past four years has remained relatively stable, ranging between 10,000 and 13,000 annually. Requests from outside the United States accounted for approximately 53%, a 2% increase compared to the previous report. Of all law enforcement requests, about 80% originated from the United States, Germany, the United Kingdom, France, Spain, and Australia. Between 2022 and 2025, the United States remained the country with the highest total number of requests. Coinbase emphasized that if these requests are valid under the laws applicable to the exchange, it is obligated to respond.