Coinbase’s Irish Unit Fined €3.25 Million Over Customer Fund Safeguarding Failures

Coinbase's Irish subsidiary has been fined €3.25 million, roughly $3 million, over failures in safeguarding customer funds. The penalty was reported by UNLOCK Blockchain and BitKE, both of which described the action as the second regulatory sanction against the entity. Ireland serves as a key European base for several major crypto exchanges, including Coinbase, which holds licenses there to serve customers across the European Union. Companies operating from Ireland must comply with local financial rules governing how client money and digital assets are held, separated from company funds, and protected against operational or counterparty risk.