Coinbase Exchange Announces New Fee Structure

The largest cryptocurrency exchange in the United States, Coinbase Global Inc., is altering its fee structure, which might lead to higher charges for some users and lower prices for some of its highest-volume clients. Coinbase To Introduce New Fee Structure On Monday, Coinbase said that it would publish a new fee structure on September 20, 2022, that would change the consumer and producer fee structures for transaction levels above $100,000 and $1 million. According to Coinbase, the new structure will be applied to Coinbase Exchange, Pro, and Advanced Trade and will take into consideration changes in global crypto trading volumes and asset values, decreasing the monthly trading volume needed to qualify for the middle and higher levels of the fee schedule. Here is the new fee schedule: In contrast to Coinbase’s current exchange fee structure, depicted below, the revised fees provide a financial incentive for higher-volume dealers while keeping the tiers below $100,000 to $1 million unchanged. The institutional clients that Coinbase anticipated would also utilize the platform for additional services, including custody and staking, have historically paid far greater costs than smaller-volume retail users. These higher-volume clients continue to pay significantly lower fees than retail investors, even with the revised schedule. According to Coinbase, it will keep focusing on volume tier estimates on trailing 30-day volume. Coinbas...