Coinbase updated its Individual User Agreement on April 19, 2026 to add Connecticut-specific disclosures about virtual currency risks. The new language warns that virtual currency is not government-backed or insured, transactions are irreversible, and the market value of cryptocurrency can decline to zero. The agreement also now explicitly describes fraudulent transaction schemes commonly associated with virtual currency.
Consumers: Coinbase now explicitly warns users that cryptocurrency is not government-protected, transactions cannot be reversed, and fraud is common.
The updated User Agreement now includes explicit disclosures about virtual currency risks that apply to Connecticut residents and other jurisdictions. These disclosures state that virtual currency is not government-backed or insured by the FDIC, NCUA, or SIPC; that transactions are irreversible and cannot be recovered if fraudulent or accidental; and that the value of virtual currency may decline to zero if market demand disappears. The agreement also describes common fraud schemes used to trick users into purchasing cryptocurrency. These disclosures do not create new restrictions on users but establish what Coinbase explicitly communicates about the nature and risks of cryptocurrency transactions.
ConductAtlas has recorded 2 material changes to this document over 43 days of monitoring (since March 2026). An additional minor or cosmetic changes were excluded.
Coinbase now explicitly warns that virtual currency is not government-insured, transactions are irreversible, and market value can decline to zero.
Agreement describes common fraud tactics including identity theft impersonation and threats used to trick users into purchasing cryptocurrency.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Coinbase added Connecticut-specific virtual currency risk disclosures to its Individual User Agreement, likely responding to state regulatory requirements or guidance. The added language addresses irreversibility of transactions, lack of government insurance or protection, fraud risk, …
Regulatory exposure, obligation change, escalation trigger, board-ready language, and recommended action for legal and compliance teams.
Unlock the full institutional analysis — InsightConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-001082.
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