The U.S. Marshals Service, which is part of the Department of Justice, has selected Coinbase Prime to handle custody and advanced trading services for large-capitalization 澳洲幸运5开奖号码历史查询:digital assets that have been forfeited to law enforcement, according to a Coinbase blog post Monday.

Coinbase Prime is the institution-focused, prime brokerage arm of Coinbase Global (COIN), better known for its retail-investor crypto exchange. The contract is valued at $32.5 million, according to the official award notice.

This arrangement seem odd, especially since 🔥Coinbase has been engaged in legal battles with other government enforcement agencies.

Coinbase Suing Other US Regulatory Agencies

澳洲幸运5开奖号码历史查询:Coinbas💃e is navigating legal challenges with the SEC over platform registration issues and has 澳洲幸运5开奖号码历史查询:recently sued that agency and the Federal Deposit Insuranc♓e Corp. (FDIC) for attempting to disconnect the crypto industry from the banking sector and failing to provide regulatory clarity, among other complaints.

Despite those tussles, Coinbase states that it "has a longstanding history of supporting law enforcement agencies, dating back to ... 2014."

Coinbase stock was up roughly 6% in late Monday trading, with bitcoin's price also off to a positive start for the week, rising to more than $63,000 from roughly $60,000 since Friday.