COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- Coinbase’s UK subsidiary, CB Payments Limited (CBPL), has been hit with a £3.5 million ($4.5 million) fine for violating an agreement with the Financial Conduct Authority (FCA) concerning high-risk customers.
- The FCA found significant lapses in CBPL’s control mechanisms, leading to the onboarding of over 13,000 high-risk individuals.
- Coinbase has acknowledged the issue and stated they are taking steps to improve compliance and control systems.
Coinbase’s UK branch fined £3.5 million for onboarding high-risk customers, highlighting the importance of stringent compliance in the financial industry.
Background and Details of the FCA Fine
The UK’s Financial Conduct Authority (FCA) recently levied a £3.5 million fine ($4.5 million) on Coinbase’s UK arm, CB Payments Limited (CBPL). This penalty arises from CBPL’s failure to adhere to a voluntary agreement established in October 2020, which was aimed at preventing the onboarding and servicing of high-risk customers.
Specific Findings and Criticisms from the FCA
The FCA’s investigation revealed that despite the agreement, CBPL had actually onboarded 13,416 high-risk clients. Therese Chambers, FCA’s joint executive director of enforcement and market oversight, criticized the company for its inadequate control processes. Chambers pointed out that these control deficiencies significantly increased the risk of money laundering and other financial crimes.
Response from Coinbase
In response to the FCA’s findings, Coinbase emphasized their commitment to regulatory compliance, noting ongoing efforts to enhance their control systems. The company acknowledged that a small percentage (0.34%) of new customers onboarded between October 2020 and October 2023 were identified as high-risk. Coinbase affirmed they take these findings seriously and are working to rectify their compliance mechanisms to prevent future infractions.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Impact on Coinbase
The immediate fallout from the FCA’s announcement had tangible effects on Coinbase’s market performance. The COIN stock dropped nearly 2%, reflecting investor concerns regarding the regulatory scrutiny and associated penalties. This development underscores the critical importance for financial institutions to maintain robust compliance frameworks to safeguard market integrity and avoid punitive measures.
Conclusion
This recent fine on CBPL serves as a stark reminder of the importance of robust compliance in the financial sector. The FCA’s decisive action highlights the regulatory body’s commitment to market integrity and the prevention of financial crimes. As Coinbase works to bolster its compliance structures, this case will likely serve as a cautionary tale for other financial institutions about the severe repercussions of falling short in regulatory adherence.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |