Coinbase currently has no plans to adjust trading fees due to the introduction of ETFs

2024-01-12 08:24:24
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ChainCatcher news, according to DL News, a Coinbase spokesperson stated that Coinbase is currently not considering lowering trading fees due to the introduction of ETFs. Coinbase has not disclosed its base retail fees, but the retail revenue rate for the third quarter (measured by dividing the exchange's trading income by retail trading volume) is approximately 2.5%. The exchange also offers premium trading options, where users will pay a fee of 0.6% for trades under $10,000.

Coinbase stated that ETFs could bring new users to cryptocurrency, and in the future, these users will "want to engage more directly in the crypto economy through Coinbase." Coinbase will provide a range of services for ETF issuers. Among the 11 approved Bitcoin spot ETFs, 8 have designated Coinbase as their custodian. The spokesperson mentioned that its primary revenue model is to charge custody fees, but it will also provide key services such as agency trading, matching and settlement, and financing.

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