{"id":70554,"date":"2024-02-02T02:46:13","date_gmt":"2024-02-02T06:46:13","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=70554"},"modified":"2024-02-02T02:47:43","modified_gmt":"2024-02-02T06:47:43","slug":"coinbase-unveils-fee-upgrade-program-for-specific-traders","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinbase-unveils-fee-upgrade-program-for-specific-traders\/","title":{"rendered":"Coinbase Unveils Fee Upgrade Program for Specific Traders"},"content":{"rendered":"\n

With a new initiative, Coinbase is trying to draw in large volume traders by lowering trading fees<\/a> and providing a sixty-day fee-free period for those moving from other platforms.<\/p>\n\n\n\n

\"Coinbase
Coinbase Unveils Fee Upgrade Program for Specific Traders<\/figcaption><\/figure>\n\n\n\n

A recent blog post claims that the incentive gives traders with monthly trading volume of over $500,000 a quick path to reduced cost tiers, allowing them to pay as little as no maker fees on spot trades on Coinbase Advanced\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

\n

– If you are a savvy crypto trader this offer is for you.

– If you know a savvy crypto trader this offer is for them.

\ud83d\ude80Switch to Coinbase Advanced and enjoy lower fees, and elevated trading experience. Deets in the blog. https:\/\/t.co\/LgK0nr3S4T<\/use><\/svg><\/span><\/a><\/p>— Lisa Mohanty \ud83d\udee1\ufe0f (@ShubhashriM) February 1, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The action is a part of Coinbase's attempts to increase its market share, particularly as it gets ready to release its 2023 fourth-quarter earnings later this month. <\/p>\n\n\n\n

Due to lower trading volumes, the company has seen a decline in transaction revenue<\/a> over the last year, and for the last quarter of 2023, it expects revenue patterns to be similar. Coinbase highlights how important fees are to traders when selecting a cryptocurrency exchange. The company stated:<\/p>\n\n\n\n

\n

\u201cWe know that fees are one of the most important factors when it comes to selecting and trading on a crypto exchange,\u201d<\/p>\n<\/blockquote>\n\n\n\n

To benefit from the reduced fees, VIP and high-volume traders from other exchanges must provide proof of their trading volume. After the qualifying traders' 60-day no-cost period, continuing fees will be determined by Coinbase's monthly trading volumes and will feature tiered charge structures.<\/p>\n\n\n\n

A new 0.1% charge for institutional clients transferring over $75 million from USDC to USD net was also announced by Coinbase. The business, which mostly serves the United States<\/a>, is growing globally. It has lately expanded its services to more than 20 African countries and obtained licenses in a number of other countries, including France, Spain, Singapore, and Bermuda.<\/p>\n","protected":false},"excerpt":{"rendered":"

With a new initiative, Coinbase is trying to draw in large volume traders by lowering trading fees and providing a sixty-day fee-free period for those moving from other platforms. A recent blog post claims that the incentive gives traders with monthly trading volume of over $500,000 a quick path to reduced cost tiers, allowing them […]<\/p>\n","protected":false},"author":43,"featured_media":70556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[150,1406,18262],"class_list":["post-70554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-coinbase","tag-crypto-exchange","tag-upgrade-program"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/02\/croc_1706831911620.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/70554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=70554"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/70554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/70556"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=70554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=70554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=70554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}