Key facts
- Coinbase Ireland fined €3.25 million by Ireland's central bank.
- Failures included commingling customer funds with other Coinbase entities.
- Safeguarding controls relied on the US parent company.
Ireland's central bank has fined Coinbase Ireland €3.25 million for allowing customer funds to mix with other Coinbase entities' money and for relying on its US parent to run safeguarding controls. The regulator's action highlights issues with how the cryptocurrency exchange managed client assets.