Central Bank of Ireland fines Coinbase €3.25 million over customer fund safeguarding failures

Ireland's regulator says Coinbase's Irish unit commingled customer money and let its safeguarding account run short for more than a year The Central Bank of Ireland has fined Coinbase ’s Irish subsidiary €3.25 million for failing to properly safeguard customer funds. The fine was announced on October 22, 2026. It covers breaches of safeguarding and outsourcing rules under Ireland’s Electronic Money Regulations 2011. The penalty did not start at €3.25 million. The regulator first set it at €4.65 million. Coinbase then received a 30% settlement discount after admitting to the contraventions. First, outsourcing without oversight.