Brexit FAQ

How does Brexit impact my relationship with Coinbase?

Following the United Kingdom’s withdrawal from the European Union on 31 January 2020 (Brexit), there was no immediate change to your relationship with Coinbase. However, we have made some recent changes to prepare for the end of the Brexit transition period on 31 December 2020 to ensure we can keep servicing you.

As part of the Terms of Service updates that took place in November 2020:

  • If you are a customer based in the European Economic Area, we transferred your relationship for the provision of E-Money Services from our UK E-Money firm to our Irish E-Money firm, Coinbase Ireland Limited.

  • For all customers across the UK and Europe, we transferred your relationship for the provision of Digital Currency Services and Additional Services (e.g. Digital Currency Wallet and exchange services) to an Irish entity, Coinbase Europe Limited.

What is Coinbase Ireland Limited?

Coinbase Ireland Limited is an Irish private limited company within the Coinbase group (company number 630350) with a registered office at 70 Sir John Rogerson’s Quay, Dublin D02 R296. Coinbase Ireland Limited is authorised and regulated by the Central Bank of Ireland as an electronic money institution (register number C188493).

What is Coinbase Europe Limited?

Coinbase Europe Limited is an Irish private limited company within the Coinbase group (company number 675475) with a registered office at 70 Sir John Rogerson’s Quay, Dublin D02 R296. 

Has anything changed as a result of my relationship transferring?

There is no change to the Coinbase Services you receive as a result of the transfer. However, if you are a customer based in the European Economic Area, you need to make a note of Coinbase Ireland Limited’s bank details to ensure that your bank transfers into and out of Coinbase are correctly processed. Coinbase Ireland Limited’s bank details are available to view once you sign in to your Coinbase account. Any existing balance on your E-Money Wallet transferred automatically to Coinbase Ireland Limited and remains available to you as normal.

Has my User Agreement changed?

A new User Agreement between you and your new Coinbase servicing entities became effective on the date of migration—either 1 November 2020 or 15 November 2020 depending on the date we communicated to you. For more details on what changed in the new User Agreement, please see our Summary of November 2020 User Agreement Update.

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