Coinbase to soon charge conversion fees above $75M monthly volume
An exception will be made for Tier 1 and Tier 2 Coinbase Exchange Liquidity Program members.
The largest United States-based crypto exchange, Coinbase, has introduced commission fees for conversions from USDC to USD, exceeding $75 million. An exception will be made for Tier 1 and Tier 2 Coinbase Exchange Liquidity Program members.
The announcement of conversion fees appeared on the Coinbase help page on Jan. 30. According to the page, from Feb. 5, Coinbase will begin assessing a fee on USDC to USD net conversions over $75 million per rolling 30-day period.
A customer will pay 0.10% for a monthly volume between $75 million and $150 million. The fee for transaction volume between $150 million and $500 million will be 0.15%, while the maximum rate of 0.20% will be applied to volume exceeding $500 million. All the fees will be assessed directly from the USDC to USD conversion amount.
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