Coinbase’s professional trading platform, COINBASE Pro, recently announced an update to its fee structure.
According to the announcement, low-volume traders will see a hike in fees while high-volume traders, anyone who transacts more than $50,000 a month, will see a reduction starting on October 7.
In the previous fee structure, all accounts trading under $100K were charged 0.15% maker and 0.25% taker fees. Thus, the new fee structure represents an increase of 40-233% for traders under 50K, depending on where they fall on the new tiers.
The move is definitely an interesting one by Coinbase, especially as traditional equity brokerages move towards zero-fee structures.
For crypto trading, a number of platforms now offer zero fees for trading, including Voyager, which also recently announced a token rebrand that will give the platform its own utility token.
More: Updates to Coinbase Pro Fee Structure
Related: Crypto Brokerage Voyager Is Launching Its Own Token
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.
