Coinbase Changes USDC Conversion Fees for Big Transactions

IndustryTrends

Coinbase, a leading crypto exchange, announced a new fee structure for institutional clients who convert USDC to USD in large amounts.

The new fees range from 0.1% to 0.2%, depending on the size of the conversion, and apply to net conversions over $75 million per rolling 30-day period.

The fee change is aimed at optimizing Coinbase's revenue flow, while providing transparency and assistance to its diverse user base.

Some high-value customers, such as Coinbase Prime customers with assets over $500 million or participants in the Coinbase Exchange Liquidity Program, are exempt from the new fees.

The fee change may affect the liquidity and adoption of USDC, a stablecoin issued by Circle, which competes with other stablecoins, such as USDT from Tether.

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