Coinbase Said To Be Testing Zero-Fees Trading Of Bitcoin, Ethereum, Dogecoin

According to the report, Coinbase One, which is already in beta, will allow users to trade cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) with no trading fees. The users would also receive $1 million in account protection and direct phone support from Coinbase One beta team member 24 hours a day and 7 days a week. Coinbase did not immediately respond to a request for a comment.

According to CFO Alesia Hass, transaction revenues from trading fees has historically accounted for the lion’s share of Coinbase’s revenue. The cryptocurrency exchange generated $2.2 billion in revenue solely from transaction fees in the fourth quarter.

coinbase crypto

Further more, The Appeal of commission free cryptocurrency trading has led to the rise of brokerage platforms such as Robinhood Markets Inc (NASDAQ:NASDAQ:HOOD) among retail traders. 

Coinbase users will not be reimbursed for prior trading fees and will be build a monthly recurring fee. The cryptocurrency exchange spokesperson has declined to revealed the product’s price. Coinbase shares closed at 7.46 % lower on Friday at $160.07.

Coinbase Global Inc also known as Coinbase is an American company that runs a cryptocurrency exchange platform. Coinbase is a distributed company, all employees work remotely and the company does not have a physical headquarters. By trading volume, it is the largest cryptocurrency exchange in the United States. Brian Armstrong student and Fred Ehrsam founded the company in 2012.



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