Major United States-based crypto exchange and wallet service provider Coinbase has announced that it will increase trading fees again on its professional platform Coinbase Pro.
Starting from Oct. 7, Coinbase Pro will adopt a new fee structure that will cause its maker trading fees for low tier — $10,000 and below — to surge as high as 233%, according to the update posted on Oct. 3.
Following another surge in March 2019, Coinbase Pro currently charges all accounts trading under $100,000 with a 0.15% maker fee and a 0.25% taker fee.
After Oct. 7, trades of $10,000 and lower will see maker fees increase by 233% — from 0.15% to 0.50%, according to the announcement. Taker fees within the tier will surge 100% — from 0.25% to 0.5%.
Coinbase Pro uses maker-taker fee model for determining its trading fees, where maker orders mean those that provide liquidity and taker orders indicate those who take liquidity, the firm explains.
As such, Coinbase Pro will not only continue favoring its big traders, providing a zero maker fee for trades above $50 million, but will also adopt fee reductions for trades above $100,000 million. For instance, trades above $1 billion will have a 25% discount — down from the current fee of 0.05% to 0.04%. Read More...