Coinbase Hit With €3.25M Irish Fine Over Customer Funds

TLDR Ireland’s central bank imposed a €3.25 million fine on Coinbase Ireland over customer fund protection and outsourcing failures. The regulator found weak internal controls and excessive reliance on Coinbase’s US operations. Coinbase said errors left its safeguarding account underfunded by an average of 0.54% during 2023 and early 2024. Coinbase maintained that no customers lost money or access to their funds. The penalty follows a separate €21.46 million fine against Coinbase Europe in November 2025. Coinbase Ireland has agreed to a €3.25 million ($3.6 million) fine over failures to protect customer funds.