Coinbase Confirms It Is Launching A Zero Fee Subscription Service

Soon

Coinbase is testing a new subscription service, the exchange said.

It would allow merchants to buy and sell cryptocurrencies without fees.

Dubbed Coinbase One, it will initially only be available to a small handful of users.

Coinbase, the largest cryptocurrency exchange in the US, is testing a new subscription service, the company confirmed today in decryption.

News of the service leaked today as some Coinbase users prematurely received access to the beta version of the service last night, which will be called Coinbase One. Users posted screenshots of the next product, which it said would offer users trades. No commission and priority phone support for merchants.

“Enjoy zero trading fees on unlimited transactions as long as you are a subscriber,” said one of the posted screenshots. “A price differential may still apply.”

And @Coinbase preparing to launch a subscription service with free exchanges, priority support, and $ 1 million insurance called Coinbase One?

I found this buried in the Coinbase app tonight in Profile and Settings. Manage subscription option loads a blank screen. ? pic.twitter.com/pPciOxBGJb

– Tom Winzig (@TomWinzig) November 3, 2021

Coinbase said decrypt that it is actually working on such a service and that it will only be available to a handful of users to begin with. It is not yet known how much the subscription service would cost.

“Coinbase has started testing a subscription product for our customers,” a company spokesperson said in an email. “Test group clients will have the ability to buy, sell and convert digital currencies on the Coinbase platform without a Coinbase fee per trade (spread fees still apply). We always try to learn more about how we can improve our services. Our clients in different ways. «

“At this time we are still in the early stages, so everything related to the future experience of the product will depend on the feedback we receive from our users,” said the spokesperson.

published beta screenshot also showed that the service would include increased account protection. “If someone you don’t know steals your Coinbase account due to an account takeover, you may be eligible for a refund of up to $ 1 million in losses,” the screenshot reads.

San Francisco-based Coinbase is a cryptocurrency exchange that prides itself on its usability, although it has come under wide-ranging criticism regarding its customer service. It is also the first cryptocurrency exchange to be listed on the stock exchange – in April, the company was listed on the Nasdaq.

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