Coinbase Wallet launches a loyalty program, offering up to 50% cashback on exchange fees
Coinbase self-custody wallet Coinbase Wallet has announced the launch of a loyalty program aimed at users who continuously engage in exchange transactions. Users can receive up to 50% of eligible exchange fees back in USDC each week. Trader levels are divided based on the eligible trading volume over the past 30 days: Explorer for under $5,000; Trencher for $5,000 and above, with a 15% rebate; Pro for $25,000 and above, with a 30% rebate; Legend for $100,000 and above, with a 40% rebate; VIP for $500,000 and above, with a 50% rebate.Rebates are calculated based on the actual exchange fees retained by Coinbase Wallet after discounts, excluding network fees and gas fees. Levels are updated daily, and higher rebate rates apply immediately upon reaching a higher tier; if trading volume decreases, levels can drop by one tier at most per week. Each wallet's trading volume is calculated separately and is not combined across wallets. Eligible rebates accumulate automatically and are paid weekly in USDC, without the need to enter codes or manually claim.New users who register through a friend referral link can receive a first exchange reward of up to $35 USDC on eligible exchanges and enjoy a 10% discount on eligible exchange fees, with related transactions counting towards level progress. Loyalty rebates are calculated after fee discounts. Users who share referral links can earn 25% of the net fees collected by Coinbase Wallet from their friends' eligible exchanges, paid in USDC. VIP users can also directly contact the product team, get early insights into upcoming features, and receive invitations to exclusive events. The program has regional and eligibility restrictions, and terms may be adjusted or terminated.