Coinbase Ireland fined €3.25M by central bank over client fund safeguarding failures
CIE News ·
Confirmed by official primary sources.
Ireland's central bank fined Coinbase Ireland €3.25 million for customer fund safeguarding failures between 2020 and 2025. Coinbase confirmed the lapses have been resolved and no clients suffered financial losses.
The Central Bank of Ireland imposed a €3,252,618 fine on Coinbase Ireland Limited on October 22, 2026, discounted by 30% from an initial €4.65 million following a settlement. Regulators found systemic failures in customer fund safeguarding and outsourced operations between November 1, 2020, and August 19, 2025, which caused daily shortfalls reaching €5.2 million in 2024 alongside fund commingling issues. Coinbase stated that it resolved the operational concerns, improved internal controls, and confirmed that no customers incurred financial losses.
Key facts
- €3.25M fine imposed
- Coinbase Ireland
- Deficits peaked at €5.2M in 2024
- No client funds lost