Coinbase Pro to Introduce New Fee Structure
What is Coinbase Pro?
When new users enter the crypto scene, its most likely they will be pointed in the direction of Coinbase, an exchange platform that lets you buy a variety of different digital assets. Although they may be popular, some chose not to use them because of the fees they charge and, although quite small, many users have found it intimidating.
Coinbase Pro was created in 2015 by Coinbase for the more experienced traders with a user interface that will suit them more effectively. A lot of users on the platform can transact without paying any fee’s and receive their crypto assets instantly.
According to a recent blog post by Coinbase, the company stated that:
“On Monday, October 7, 2019, at 5:00 pm PT, Coinbase Pro will implement a new fee structure designed to increase the depth and liquidity of our markets.”
This new policy is being introduced to respond to new client needs as Coinbase updates their pricing quite frequently. To ensure the integrity of their platform, Coinbase makes sure to share these updates prior to any being fully implemented.
Coinbase says that:
“This latest update will slightly increase fees for lower-volume customers and reduce fees for high-volume customers — any customer transacting above $50,000 a month will either see a reduction in their trading fees, or no change at all. The update also introduces three new tiers below $100,000 a month.”
The new fee schedule is as follows:
Volume tiers will be calculated through your trailing 30-day volume.